How we manage our funds

Following Police Mutual’s transfer to Royal London, all with-profits policies issued by PMAS are invested in Royal London’s Long Term Fund. Royal London publishes a Principles and Practices of Financial Management document which explains how this fund is managed. This includes the Police Mutual with-profits policies and it can be found here.

During 2020 we wrote to our with-profits policyholders to inform you of the changes to the way our policies would be managed following the transfer to Royal London. The Summary of PPFM Changes can be found here.

Royal London also produce guides to help you understand the PPFM.

Police Mutual’s conventional with-profits policies are Regular Savings Plan, Low Cost Endowment, Minimum Low Cost Endowment and Children’s Bond. If you have one of these policies then the relevant guide (Royal London Guides, PPFM Guide 1) can be found here.

Police Mutual’s unitised with-profits policies are Platinum bond, Guaranteed Investment Bond, Guaranteed ISA, Protected Growth OISA, Non Guaranteed OISA, Top-up Pension Plan and Group Personal Pension. If you have one of these policies then the relevant guide (Royal London Guides, PPFM Guide 3) can be found here

We monitor compliance with the PPFM on an annual basis and report on this by the end of June the following year. The latest Police Mutual report is available here.

Investment strategy and performance

You can find information on investment mix and investment returns for Royal London’s Long Term Fund here

For performance before the transfer to Royal London on 1 October 2020, you can check the quarterly updates for the Life Fund within our News & Blog section of the website.