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NFU Mutual With-Profits
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Understanding With-Profits
The Financial Services Authority (FSA) requires companies to establish and maintain Principles and Practices of Financial Management (PPFM) to govern the conduct of their with-profits business.
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The with-profits "realistic basis" financial statement shows the long-term business fund assets that are available to cover liabilities relating to with-profits business after meeting liabilities on other long-term business. |
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For more information about NFU Mutual's investment strategy for with-profits business |
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Downloadable PDF documents
 NFU Mutual's principles and practices of financial management
The document below describes the principles and practices that NFU Mutual applies in managing its with-profits business.
NFU Mutual's principles and practices of financial management (PDF approx 125Kb)
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In order to view these documents you will need Acrobat Reader on your computer. If you do not already have this, you can get it free by clicking on the following link: |
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Practices of Financial Management
We have also produced an appendix to the PPFM. This contains additional useful information about our with-profits business.
Appendix to the PPFM (PDF approx 110Kb)
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A summary of changes to our PPFM on 1st February 2008
The document below summarises the changes we made to our PPFM on 1st February 2008.
Summary of changes (PDF approx 22Kb)
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NFU Mutual's consumer friendly principles and practices of financial management (CFPPFM)
We produce shorter, more consumer friendly versions of our principles and practices of financial management (PPFM). Please click the link below to find the guide that is suitable for you.
Find a quick guide to with-profits
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Directors statement to their with-profits policy holders
It is an FSA requirement that, at the end of each financial year, Directors make a formal statement to their with-profits policyholders confirming that they have acted in accordance with their firm's PPFM and that discretion exercised by the firm has been applied in a fair and reasonable manner. In addition, the With-Profits Actuary must state that, in his opinion, the interests of the with-profits policyholders have been taken into account in a reasonable and proportionate manner. Our report for 2008 is attached below:
2008 report to With-Profit Policyholders (PDF approx 47Kb) |
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