Principles and practices of financial managementIn the interest of greater transparency and good governance, Old Mutual publishes the principles and practices of financial management (PPFM) that are applied in the management of its discretionary participation business. The principles and practices of financial management are applicable to our retail and corporate clients.
Discretionary participation business is essentially businesses where policyholders participate in the returns earned, and where the insurer has discretion in some key areas that affect policy benefits, such as how the assets backing the policies are invested and how bonuses are declared.
The purpose of the PPFM is to explain how Old Mutual exercises its discretion in managing discretionary participation business.
- Full Principles and Practices of Financial Management document
- Principles and Practices of Financial Management - With Profit Annuities
- Summarised Principles and Practices of Financial Management - 2-IN-ONE Policies
- Summarised Principles and Practices of Financial Management - non 2-IN-ONE Policies
- Appendix 1 - Discretionary and Participation Business Covered by the PPFM
- Appendix 2 - Capital Charges
- Appendix 3 - Investment Objectives and Mandates
- Appendix 4 - Bonus Accrual Periods
- Appendix 5 - Classes