We have produced two documents which aim to give you a better understanding of with-profits policies and how they work.
A Guide to How We Manage the London Life With-Profits Fund - a short guide designed to explain the most important points of the PPFM (below) as simply as we can.
Principles and Practices of Financial Management (PPFM) - a detailed document explaining how we manage the London Life with-profits fund and how that affects your policy.
Each year we produce an annual report for with-profits policyholders stating whether throughout the previous year we believe we have complied with our obligations relating to the PPFM. Annexed to this report is a separate report from the with-profits actuary. A copy of both reports relating to 2007 is now available to download below.
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Questions and Answers
Who are these documents for?
The PPFM and Guide to How We Manage the London Life With-Profits Fund (also known as the Customer Friendly Principles and Practices of Financial Management or CFPPFM) are designed for any with-profits policyholder.
Why have you produced these documents?
It is a requirement from the Financial Services Authority (FSA) that we produce these documents to give all with-profits policyholders a better understanding of how the fund is managed and maintained.
What are these documents about?
The documents explain how the with-profits fund is managed and how that affects your policy. They include details such as charges and expenses, how we manage risk and the investment strategy of the fund.
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