Merger of FLC With-Profits Sub-Funds

On 1 July 2022 we plan to merge the FLC Old With-Profits Sub-Fund with the FLC New With-Profits Sub-Fund. This means all policies in both funds will be invested in the new merged fund, called the FLC With-Profits Sub-Fund.

We’re writing to all affected customers between January 2022 and March 2022 to explain the changes. Details from our customer mailing, along with additional reports and changes to the Principles and Practices of Financial Management (“PPFM”), can be found at