Principles and Practices of Financial Management

Following Police Mutual’s transfer to Royal London, all with-profits policies issued by PMAS are invested in Royal London’s Long Term Fund.

You can view and download the following documents from our website royallondon.com:

• ‘Principles and Practices of Financial Management’ (PPFM) which is a technical document that explains the way in which we manage our with profits fund.
• The Directors report on compliance which is the most recent report about how we’ve complied with the PPFM.
• ‘A guide to how we manage our with profits fund’ which is a plain English guide to the key points of the PPFM. This includes more information on asset shares and how we decide regular and final bonus rates and MVRs. Guide 1 covers Police Mutual’s conventional with-profits policies: Regular Savings Plan, Low Cost Endowment, Minimum Low Cost Endowment and Children’s Bond. Guide 3 covers Police Mutual’s unitised with-profits policies: Platinum bond, Guaranteed Investment Bond, Guaranteed ISA, Protected Growth OISA, Non Guaranteed OISA, Top-up Pension Plan and Group Personal Pension.

To find these documents visit royallondon.com/PPFM. If you’d like braille, large print or audio versions of these documents, you can ask us to send you copies by calling us on 0345 050 20 20.

On the royallondon.com/PPFM website you can also find information on investment mix and investment returns for Royal London’s Long Term Fund.

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.