Financial management

Principles and Practices of Financial Management

The Financial Services Authority requires us to produce a document outlining our Principles and Practices of Financial Management, or PPFM. This document sets out how we manage our with-profits business, which includes our Regular Savings Plan.

You can download and keep the latest copy of our PPFM document below.

PDF - key docs    Principles and Practices of Financial Management

1.  The Principles - how we run our business longer term.

  • The overarching standards that we adopt in managing the Life Fund (where all our with-profits plans are invested).
  • The business model we use to ensure that we meet our duties to our with-profits policyholders.
  • How we respond to changes in the business and economic environment.

2. The Practices - covering the shorter-term.

  • How we manage the Life Fund.
  • How we respond to changes in the business and economic environment in the shorter-term.

The practices allow a knowledgeable observer to understand the key risks and rewards of taking out - or keeping an existing - with-profits plan with Police Mutual.

We monitor compliance with the PPFM on an annual basis. Our latest report is available for download below.

PDF - key docs    PPFM Compliance Report