Every company that offers with-profits investments has to document the principles and practices (the beliefs and behaviours) they use to manage these investments.
The PPFM is a technical document but customer friendly versions are available. These are called 'Your guide to how we manage our with-profits business' and links to the relevant versions are below.
Download our Principles and Practices of Financial Management (PPFM)
With Profits:
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Principles and Practices of Financial Management
LV= ISA
If your client has a stocks and shares ISA (including those originally sold on a non-profit basis and subsequently converted to with-profits on 12 September 2022).
LV= Smoothed Managed Funds
If your client has an LV= Smoothed Managed Funds Bond Series 1, Smoothed Managed Funds Pension Series 1 (available via LV= SIPP or LV= Pension Portfolio/Junior Pension Portfolio), Smoothed Managed Funds ISA Series 1 (available via our LV= ISA Portfolio/JISA Portfolio) or Smoothed Managed Funds Trustee Investment Plan Series 1 (including plans originally sold on a non-profit basis and subsequently converted to with-profits).
Download CFPPFM for unitised with-profits Smoothed Managed Funds business
Flexible Guarantee Bonds and All-in-1 Investment Bonds
The documents found on this page will be relevant to your clients who hold one of the following investments with us:
- Flexible Guarantee Bond (all series).
- Flexible Guarantee Funds (all series).
- All-in-1 Investment Bond.
- Flexi Guarantee Plan.
- Guaranteed Capital Bond.
CFPPFM for All-In-1 Investment Bond and Flexible Guarantee Bonds
Fixed Term Annuity/Investment
If your client has a Fixed Term Annuity (Protected Retirement Plan) download the CFPPFM for Fixed Term Annuities guide.Pension Income Plus Annuity
If your client has an investment linked annuity (also known as a Pension Income Plus Annuity), download the CFPPFM for the Pension Income Plus Annuity guide.
Conventional with-profits & With Profits Pension Annuity
If your client took out a conventional with-profits policy with us (most policies before 1997) or they have a With Profits Pension Annuity, download the CFPPFM for conventional with-profits guide.
Other unitised with-profits
If your client has a unitised with-profits product like the With Profits Growth Bond, With Profits Investment Bond, Tax Free Savings Plan or MAX - you can download the CFPPFM for unitised with-profits guide. It’s also for clients who have a With Profits Income Bond and other unitised with-profits products sold from 1997 to 2012.
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