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Principles and Practices of Financial Management

Principles and Practices of Financial Management

Our PPFM was last changed on 22nd May 2017 and the NFU Mutual Summary of Changes to PPFM document below is a summary of the changes we made. This document sets out the detail of how we manage our With-Profits Funds.

We have also produced an appendix to the PPFM. This contains additional useful information about our with-profits business.

You can download the Principles and Practices of Financial Management (PPFM), Summary of Changes to PPFM and Appendix.

Unitised With-Profits

We call a with-profits policy unitised when your investment buys units in the With-Profits Fund. If you want to invest in a new unitised with-profits policy or you have one of the following NFU Mutual policies, you should read Your Guide to Our Funds.

  • Capital Access Bond
  • Flexibond
  • Shrewd Savings Plan ISA
  • Personal Pension Account
  • Additional Voluntary Contributions Plan
  • Group Personal Pension Plan

If you have one of the following NFU Mutual policies, which are unitised with-profits but no longer open to new business, and require further information please contact us on 0800 622323.

  • Personal Pension Plan
  • Executive Pension Plan
  • With-Profits Personal Pension Plan
  • Capital Investment Bond
  • NFU Mutual Vintage Bond

Conventional With-Profits

If you have a Conventional With-Profits contract, you should read the guide to Conventional With-Profits. We call a with-profits policy conventional when we guarantee to pay out an agreed amount when the policy matures. This could be a lump sum (the sum assured) or a series of payments (an annuity or pension). NFU Mutual Conventional With-Profits policies include:

  • Endowments (a regular savings contract that promises to pay a minimum amount at the maturity date), including minimum cost endowments
  • Whole of life policies (a regular premium policy that promises to pay out a minimum amount on death), including low cost whole of life policies
  • Any other with-profits policy taken out before 1st July 1988

With-Profits Annuity

If you have a With-Profits Annuity contract or want to buy a With-Profits Annuity, you should read the guide to the With-Profits Annuity.

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