Principles and Practices of Financial Management (PPFM)

How we manage our With-Profits fund

All firms that carry out with-profits business are required to publish the Principles and Practices of Financial Management (PPFM) that are applied in the management of their with-profits funds.

Our PPFM helps a knowledgeable observer (e.g. a financial adviser) understand how we manage with-profits business, including:

• how we determine pay-out values,
• our investment strategy, and
• how we manage business risks.

It covers all with-profits policies issued in the UK by companies in or acquired by the Prudential group i.e. by Prudential Assurance Company Limited (PAC), Scottish Amicable Life plc, Scottish Amicable Life Assurance Society, Prudential (AN) Limited and Prudential International Assurance plc. It also covers the with-profits annuity policies transferred from the Equitable Life Assurance Society to PAC.

The Principles define the overarching standards adopted in managing PAC's with-profits business and describe the approach used in responding to longer-term changes in the business and economic environment.

The Practices describe the approach used in responding to changes in the business and economic environment in the shorter-term, hence they will change more frequently than Principles.

If you require the current version of our PPFM, then please download it via the link below or call our Customer Service Team on 0800 000 000. Opening times are 8.00am to 6.00pm Monday to Friday. Calls may be monitored or recorded for quality and security purposes.

Prudential's Statement of Unit-Linked Principles and Practices

Prudential has published a statement of the Principles and Practices used in the management of our unit-linked funds.