Transcription of Scottish Widows With Profits Fund
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Scottish Widows With Profits Fund
SW-PPFM 1 Scottish Widows With Profits Fund Principles and Practices of Financial Management (PPFM) 1 General .. 2 Introduction .. 2 Background .. 2 The With Profits Policies .. 4 2 Structure of these PPFM .. 5 Principles and Practices .. 5 Layout .. 5 3 Overriding Principles .. 7 4 The amount payable under a With Profits Policy .. 8 Asset Shares .. 8 Bonuses .. 13 Reversionary Bonus .. 13 Interim 16 Terminal Bonus .. 16 Payouts where guarantees do not apply .. 24 Practices specific to With- Profits Income Units .. 28 Reversionary Bonus .. 28 Terminal Bonus .. 28 Payouts where the guarantees do not apply.
1.1 Introduction This document records the Principles and Practices of Financial Management (PPFM) according to which Scottish Widows Limited (‘the Company’) manages the Scottish Widows With Profits
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