Sources#

Source ids, titles, publishers, URLs, access dates, and retrieval markers are carried over verbatim from _research/unit-linked-bond.md (the citation ground truth for [S#]/[R#] tags). Ids are never renumbered. Sources from the research file that are not cited in product-spec.md or technical-notes.md are omitted (dropped here: S6, S8). No new sources were fetched at drafting; nothing is marked “added at drafting”.

Access date: 2026-08-03. (The research file’s global access-date field was originally recorded as “undefined” and has since been corrected; its retrieval notes date the session to 03/08/2026 — see the R5 entry, “viewed as at 03/08/2026”. The drafting date of the two documents in this directory is 2026-08-03.) Cross-product [REG-R#] entries carry their own access date, 2026-08-03, per _research/regulatory-actuarial.md.

Primary product sources [S#]#

S1. Prudential (M&G plc) — “Key Features of the Prudential Investment Plan”#

  • Publisher: The Prudential Assurance Company Limited (“Pru, part of M&G plc”), reg. no. 15454, FCA ref 139793

  • Doc type: Key Features Document (KFD). Doc code PIPK10011 10/2025_WEB

  • URL: https://www.mandg.com/dam/pru/shared/documents/en/pipk10011.pdf

  • Retrieved: YES (full PDF read, 16 pp)

  • Role in this library: implementation anchor (with S2) — currently marketed single-premium onshore investment bond.

S2. Prudential (M&G plc) — “Policy Provisions — Prudential Investment Plan”#

  • Publisher: The Prudential Assurance Company Limited

  • Doc type: Policy conditions (full contract terms). Doc code INVM11630 11/2025_WEB

  • URL: https://www.mandg.com/dam/pru/shared/documents/en/invm11630.pdf

  • Retrieved: YES (full PDF read, 40 pp — definitions, unit pricing, charges, withdrawals, death benefit, PruFund smoothing, adviser charging, guarantee mechanics)

  • Role in this library: implementation anchor (with S1) for unit pricing, charge, withdrawal, adviser-charging, death-benefit and GMDB mechanics.

S3. Aviva — “Investment and Trustee Bond Plan Booklet — The details of your Investment Bond”#

  • Publisher: Aviva Life & Pensions UK Limited, reg. no. 3253947, FCA firm ref 185896

  • Doc type: Policy conditions / plan booklet (full plan terms; covers Investment Bond and Trustee Bond). Doc code AIBPO HL59005 05/2023

  • URL: https://static.aviva.io/content/dam/document-library/adviser/ecm/hl59005c.pdf

  • Retrieved: YES (full PDF read, 15 pp). Note: static.aviva.io returns HTTP 403 to plain fetchers; retrieved with a browser user-agent.

  • Role in this library: legacy-charge layer (bid-offer “One-Off Charge”, Early Cash-in Charges, Establishment Charge), with-profits/MVR variation, 100-segment structure, Accidental Death Benefit.

S4. Aviva — “Onshore Bond Key Features” (Aviva Wealth platform)#

  • Publisher: Aviva Life & Pensions UK Limited

  • Doc type: Key Features Document. Doc code LF20017 06/2026 (companion T&Cs are LF30029)

  • URL: https://static.aviva.io/content/dam/document-library/adviser/general/lf20017c.pdf

  • Retrieved: YES (full PDF read, 8 pp)

  • Role in this library: current adviser-platform onshore bond — modern “clean” open-architecture design; explicit charge in respect of tax; 101% death benefit variant.

S5. Quilter — “Key Features of the Collective Investment Bond”#

  • Publisher: Quilter Life & Pensions Limited, reg. no. 04163431, PRA/FCA ref 207977

  • Doc type: Key Features Document. Doc code QIP 18193/205/14009, approved May 2026

  • URL: https://www.quilter.com/siteassets/documents/platform/kfd/18193_cib_kfd.pdf

  • Retrieved: YES (full PDF read, 16 pp)

  • Role in this library: current platform onshore bond (open architecture, ~3,000 funds); explicit life-fund tax pass-through; Capital Protected Death Benefit rider; chargeable-event statements.

S7. Canada Life — “Canada Life announces closure of onshore bond and personal pension to focus investment on offshore bonds”#

  • Publisher: Canada Life UK (canadalife.co.uk)

  • Doc type: Other (news announcement; market-context evidence)

  • URL: https://www.canadalife.co.uk/news/canada-life-announces-closure-of-onshore-bond-and-personal-pension-to-focus-investment-on-offshore-bonds/

  • Retrieved: YES

  • Role in this library: market-consolidation context (Select Account closed to new business 23 January 2024; existing customers unaffected; <1% of customer base).

Dropped (in the research file but not cited in these documents): S6 (Quilter CIB Terms and Conditions — PDF downloaded but not parsed in the research session; no facts citable), S8 (Aviva legacy Investment Bond KFD HL59015 — downloaded but not read).

Regulatory and actuarial references [R#] (product research file numbering)#

R1. ITTOIA 2005, Part 4 Chapter 9 — “Gains from contracts for life insurance etc.”#

  • Publisher: legislation.gov.uk (UK statute)

  • URL: https://www.legislation.gov.uk/ukpga/2005/5/part/4/chapter/9

  • Retrieved: YES (chapter structure and key sections: s461 ff. charge, s465–s467 liable persons, s484 chargeable events, s491–s494 gain computation, s498/s500/s507 part-surrender periodic calculations, s535–s537 top-slicing, s539 deficiency relief)

  • Caveat carried over: top-slicing and deficiency-relief mechanics were not extracted beyond section references — unverified where used.

R2. HMRC Insurance Policyholder Taxation Manual IPTM3560#

  • Publisher: GOV.UK (HMRC internal manual)

  • Title: “IPTM3560 — Calculating gains: part surrenders and part assignments: ‘periodic calculations’ and ‘excess events’: calculation method”

  • URL: https://www.gov.uk/hmrc-internal-manuals/insurance-policyholder-taxation-manual/iptm3560

  • Retrieved: YES (allowable element = premium × y/20, y capped at 20 — the 5% p.a. cumulative tax-deferred allowance machinery)

R3. FCA Handbook COBS 21.3 — “Further rules for firms engaged in linked long-term insurance business”#

  • Publisher: FCA (handbook.fca.org.uk)

  • URL: https://www.handbook.fca.org.uk/handbook/COBS/21/3.html

  • Retrieved: YES (rendered via browser; the site is JavaScript-only) — permitted-links asset list, approved indices, economic-substance classification, conditional permitted links.

R4. FSMA 2000 (Regulated Activities) Order 2001 (SI 2001/544), Schedule 1 Part II#

  • Publisher: legislation.gov.uk

  • URL: https://www.legislation.gov.uk/uksi/2001/544/schedule/1

  • Retrieved: YES (long-term insurance classes; Class III “Linked long-term” definition)

R5. PRA Rulebook (Solvency II firms) — Technical Provisions Part#

  • Publisher: Bank of England / PRA (prarulebook.co.uk)

  • URL: https://www.prarulebook.co.uk/pra-rules/technical-provisions

  • Retrieved: YES (page HTML downloaded and text-extracted; viewed as at 03/08/2026) — TP 2.1–2.5, TP 3.1–3.2 best estimate, TP 4A.1 reformed risk margin (CoC 4%, λ = 0.9, floor 0.25).

R6. HMRC Life Assurance Manual LAM01160 (I-E / BLAGAB)#

  • Publisher: GOV.UK (HMRC internal manual)

  • Title: “LAM01160 — … key concepts: simplified example of the I-E calculation”

  • URL: https://www.gov.uk/hmrc-internal-manuals/life-assurance/lam01160

  • Retrieved: YES (I-E base, policyholder rate = basic rate 20% in the example, minimum profits test, basic-rate credit rationale)

R7. FRC — TAS 100 “General Technical Actuarial Standards”#

  • Publisher: Financial Reporting Council (frc.org.uk)

  • URL: https://www.frc.org.uk/library/standards-codes-policy/actuarial/tas-100/

  • Retrieved: YES (v2.0, published 3 March 2023, effective 1 July 2023; Principle 5 Models)

R8. IFoA — Continuous Mortality Investigation page#

  • Publisher: Institute and Faculty of Actuaries (actuaries.org.uk)

  • URL: https://www.actuaries.org.uk/learn-and-develop/continuous-mortality-investigation

  • Retrieved: YES (CMI role and subscription/Authorised User access model; specific assured-lives table series names not stated on the fetched page — unverified where referenced)

R9. IFoA historical sessional papers on unit-linked reserving#

  • Publisher: Institute and Faculty of Actuaries (actuaries.org.uk document archive)

  • Example URLs: https://www.actuaries.org.uk/documents/category-b-unit-linked-policies (A. F. Wilson, “Category B unit-linked policies”); https://www.actuaries.org.uk/system/files/documents/pdf/0311-0367.pdf

  • Retrieved: NO (fetched_ok = false; the archive PDFs are scanned images — text could not be extracted). Listed as known references for the unit vs non-unit (“sterling”) reserve decomposition, which therefore stays tagged unverified wherever used in these documents.

Cross-product regulatory references [REG-R#]#

These are cited with the [REG-R#] prefix to avoid collision with the product research file’s own R-numbering. Full annotated entries (titles, publishers, URLs, retrieval markers, access date 2026-08-03) live in _research/regulatory-actuarial.md; the shared reference library is references/regulatory-and-actuarial-references.md (same R-numbering, R1–R38 frozen). Entries cited by the two documents in this directory:

Tag

Short title

Retrieval status (per that file)

REG-R4

Insurance and Reinsurance Undertakings (Prudential Requirements) (Risk Margin) Regulations 2023 (SI 2023/1346) — CoC 6%→4%, λ 0.9 / floor 0.25

fetched

REG-R10

FCA Handbook COBS 21.3 — permitted links (same rules as R3 above)

fetched (browser)

REG-R12

FCA Handbook PRIN 2A — the Consumer Duty

fetched (PRIN 2A.1 read; price-and-value outcome location unverified)

REG-R14

FSMA 2000 (Regulated Activities) Order 2001, Sch. 1 Pt II (same instrument as R4 above; Class VI capital redemption in the verified class list)

fetched

REG-R17

Finance Act 2012, Part 2 — BLAGAB definition (s57) and I-E charge (s68)

fetched

REG-R24

CMI “92” Series tables (AM92/AF92 family) — canonical teaching assured-lives tables

fetched

REG-R30

CMI Mortality Projections Model CMI_2025 (WP211 announcement) — subscriber-restricted; “CMI_20xx with long-term rate p% std” convention

fetched

REG-R32

ONS National life tables (UK series) — freely downloadable qx under OGL; population heavier than insured experience

fetched

REG-R33

FRC TAS 100 v2.0 (same standard as R7 above)

fetched (FRC page; PDF not read)

REG-R34

FRC TAS 200: Insurance, v2.0 — published 20 September 2024, effective 1 January 2025

fetched (FRC page; PDF not read)

REG-R38

UK Endorsement Board — IFRS 17 (UK adoption 16 May 2022, effective 1 January 2023); VFA mechanics unverified per that file’s narrative

fetched

Provenance note#

Extraction details live in _research/unit-linked-bond.md: that file records which facts came from which source, the unverified flags (including the unit vs non-unit “sterling” reserve terminology R9, the CMI assured-lives table names R8, and legacy allocation-rate/initial-unit mechanics), the not-parsed downloads (S6, S8), the browser-user-agent workaround for static.aviva.io (S3), and the research gaps (per-fund AMC rate cards, PruFund smoothing parameter values, Quilter segment-level terms). The cross-product bibliography _research/regulatory-actuarial.md plays the same role for [REG-R#] tags. Standardizations marked std in product-spec.md and technical-notes.md are introduced at drafting and are not attributable to any source.