History of the Principles and Practices of Financial Management.

30 June 2010

The Board of Directors reported to policyholders on compliance with the Principles and Practices of Financial Management (PPFM) for 2009.

21 April 2010

We published an update of the bonus factsheet (incorporating the PPFM Data Annex), replacing the 30 March 2009 document.

30 June 2009

The Board of Directors reported to policyholders on compliance with the Principles and Practices of Financial Management (PPFM) for 2008.

30 March 2009

On 30 March 2009 we published an update of the bonus factsheet (incorporating PPFM Data Annex), replacing the April 2008 document.

6 February 2008

We made improvements to our Introduction to with profits guide, which resulted in the availability of an Introduction to unitised with profits and an Introduction to conventional with profits guide.

2 January 2008

We published an update of the Principles and Practices of Financial Management (PPFM), replacing the 29 June 2007 document.

29 June 2007

The Board of Directors reported to policyholders on compliance with the Principles and Practices of Financial Management (PPFM) for 2006.

We published an update of the PPFM, replacing the 29 June 2005 document.

We also revised our 2006 bonus factsheet (incorporating the PPFM Data Annex), replacing the document first published on 17 April 2007. The section entitled The assets and liabilities of the With Profits Sub Fund has now been updated to include information as at the end of 2006.

17 April 2007

On 17 April 2007 we published an update of the PPFM Data Annex, replacing the 20 June 2006 document. The Data Annex then ceased to be a stand-alone document and was included within an overall document entitled 2006 bonus factsheet (incorporating PPFM Data Annex).

29 June 2006

The Board of Directors reported to policyholders on compliance with the Principles and Practices of Financial Management (PPFM) for 2005. 

20 June 2006

On 20 June 2006 we published an update of the PPFM Data Annex, replacing the 29 June 2005 document.

November 2005

We published a consumer friendly version of our Principles and Practices of Financial Management (PPFM), which covers the main points of the PPFM. It was called Introduction to with profits.

We also published a document that sets out the changes we made to the Principles and Practices in June 2005.

29 June 2005

On 29 June 2005 we published an update of our PPFM, replacing the 30 April 2004 PPFM document. We also published a separate document of facts and figures called the PPFM Data Annex.

June 2005

The Board of Directors reported to policyholders on compliance with the PPFM for 2004.

30 April 2004

In 2003 our regulator, the Financial Services Authority (FSA), published rules for the governance of with profits business. These included the requirement to publish Principles and Practices of Financial Management (PPFM). We published the first version of our PPFM on 30 April 2004.