What could climate change mean for your investments?​

With profit funds will have a variety of different types of investments, known as assets. The combination and amounts of these assets will depend on the policy you have.

The climate figures for each with profits fund uses the average mix of assets held as at 31 December 2023.

You can find out more about your with profits investment with us here: https://www.thephoenixgroup.com/customer-support/with-profits

A unit-linked fund, otherwise known as an insured fund, is a fund that is linked to a plan issued by an insurance company that lets you combine your money with other planholders. Read our guide to find out more.

Lifestyle profiles are investment options that are designed to make it easy for you to save for retirement. They’re invested in unit linked funds which gradually and automatically move into different funds which are carefully chosen to reflect how you plan to take your money in retirement.

The funds you’re invested in will depend on how close you are to retirement. You can see these by looking at your annual statement.

A mutual fund is another way to pool your money with other investors. They’re typically managed by asset managers who will invest the mutual fund in line with its objective. You may be invested in a mutual fund through one of our Self Invested Personal Pension (SIPP) products but they aren’t included in our Fund Climate Report. To find out more on the climate information for these funds, you need to visit the relevant fund manager’s website.