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.
London Life Limited is authorised and regulated by the Financial Services Authority. London Life Limited is registered in England No. 1179800
Registered Office: The Pearl Centre, Lynch Wood, Peterborough PE2 6FY www.london-life.com Important Company Registration and Legal Information.
