Royal London's PPFMs
Our four 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.
4. The Royal Liver Sub-Fund PPFM
This is a closed fund which relates to with profits business previously with Royal Liver Assurance Limited.
Downloads
Royal London PPFM v10.0 (July 2011)
Scottish Life PPFM v8.0 (July 2011)
PLAL sub-fund PPFM v3.0 (July 2011)
Royal Liver sub-fund PPFM v1.0 (July 2011)
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 first published the Royal Liver sub-fund PPFM on 1 July 2011 following the transfer of business to Royal London. Previous PPFMs were published by Royal Liver Assurance Limited. The latest versions of all four PPFMs were published on 1 July 2011.
Common questions
How do I know which PPFM is relevant?
What has changed in v10.0 of the Royal London PPFM?
We have made changes to reflect the acquisition of Royal Liver throughout the document and in particular in 2.3 Management of the Estate. We have also made minor changes to clarify some glossary definitions.
What has changed in v8.0 of the Scottish Life PPFM?
We have made minor changes to reflect the acquisition of Royal Liver and to clarify some glossary definitions.
What has changed in v3.0 of the PLAL with-profits sub-fund PPFM?
We have made minor changes to reflect the acquisition of Royal Liver and to clarify some glossary definitions.
What charges for guarantees are applied to policies in the Royal Liver sub-fund?
We have produced this document that sets out the charges for guarantees that currently apply.
Supplementary information on asset mix and investment returns
2010 Reports to with profits policyholders
Directors Report for 2010 on Compliance with the Royal Liver PPFM This Directors' report covers a period before Royal Liver became part of the Royal London Group.
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.
your Royal Liver sub-fund policy call 0845 303 2511.