3    Working out the value of your investments
 
3.1   Valuing the funds
 
The value of your unit-linked funds is based on the number of units you hold and the price of those units. The Society’s unit-linked funds are priced once each working day at noon. Our website is updated with the new price overnight and is available to view the following day.
 
In exceptional circumstances, it may not be possible to price a fund in the usual way. For example, shares in individual companies may be suspended because of unusual trading patterns or a restructure, or entire stock markets may close temporarily if conditions are extreme. In the rare event of this happening, we would ensure that a fair price is set to protect the interests of all policyholders. In extreme conditions where we cannot set a price, we may defer payment until a price becomes available.
 
You can find out the value of your investments by either writing to us or calling us on 0330 159 1530. You can also see the value of your investments in your Annual Statement.
 
3.2   Unit pricing
 
The unit price is the total value of the fund divided by the number of units in the fund. You can find prices of our funds on our website.
 
3.3   Bid price
 
This is the price at which you can sell units.
 
3.4   Offer price
 
This is the price at which you can buy units and is the price at which units are normally allocated to your policy.
 
 
How we manage your unit-linked investments Back to front page Working out the value of your investments continued