Royal London's PPFMs
Our three PPFMs are:
1. The Royal London PPFM
This covers all with profits policies issued by Royal London including those originally issued under the United Friendly and Refuge Assurance brands. It also covers with profits business written under the Scottish Life brand from 1 July 2001. This includes increases in regular premiums or additional lump sum premiums ("top ups") made from 1 July 2001 to Scottish Life with profits policies issued before that date.
2. The Scottish Life PPFM
This relates to with profits business written in the Scottish Life fund before 1 July 2001. This is now a closed fund. Increases in regular premiums or additional lump sum premiums ("top ups") made from 1 July 2001 to these policies are invested in the Royal London fund so the principles and practices detailed in the Royal London PPFM will apply to these premiums.
3. The PLAL With-Profits Sub-Fund PPFM
This is a closed fund which relates to with profits business previously with Phoenix Life Assurance Limited.
Downloads
Royal London PPFM v 8.0 (April 2010)
Royal London PPFM v7.0 (December 2009)
Scottish Life PPFM v7.0 (December 2009)
PLAL sub-fund PPFM v2.0 (December 2009)
Notes
The Royal London & Scottish Life PPFMs were first published on 30 April 2004.
We first published the PLAL with profits sub-fund PPFM on 29 December 2008 following the transfer of business to Royal London. Previous PPFMs were published by Phoenix Life Assurance Limited.
We published new versions of all three PPFMs on 31 December 2009 and a new version of the RL PPFM on 29 April 2010.
Common questions
How do I know which PPFM is relevant?
What has changed in v8.0 of the Royal London PPFM?
We have made some minor clarifications to the practices relating to the calculation of payments on voluntary exit of conventional with profits policies.
What has changed in v2.0 of the PLAL with-profits sub-fund PPFM?
We have added a paragraph to the introduction explaining that the Guide is available.
2009 Reports to with profits policyholders
If you have any questions about . . .
our PPFMs, please contact: ppfm@royal-london.co.uk
your Royal London policy please go to our website www.royal-london.co.uk.
your Scottish Life policy please go to our website www.scottishlife.co.uk.
your PLAL with-profits sub-fund policy call 08457 413 002.