PPFM – Principles & Practices of Financial Management

Recent changes to the PPFM

The Principles and Practices of Financial (PPFM) are reviewed by the Board regularly, and the most recent changes were agreed as summarised below. The current (January 2018) version of the PPFM is available here.

Summary

The practices have been reviewed to remove redundant wording, to improve clarity with no material changes to the principles, and to update them to reflect:

  • Evolving detail as to the management of the Monthly Savings ISA including the circumstances in which successive contracts will be merged. The With-Profits Actuary will be required to endorse the fairness of any merger.
  • The removal of the restriction on the proportion of assets allowed in any one pooled fund. This will enable the Society to substantially reduce the number of managers it utilises.

 

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Police Sergeant S Drysdale, DPS Borough Support

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DC Chris W, SO15

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Mrs V Thompson, Dagenham

‘I have been a member since 1980. Never had any problems or issues. Staff always helpful.’

Mr Nino Trancucci, London

Great opportunity for family members to be offered the same offers as members.

Miss A McLeary, ESB

‘I have always been pleased with the returns from my Metfriendly policies.’

Mr P Payne, Bordon

Good service – always very helpful and informative.

Miss J Coward, South Norwood, London

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D.C. R McLaren, Hackney Borough Stations

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Mrs A Cooper, Met CC, Bow