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Financial management in the governance of with-profits UK life insurers Logo cima

  Ian Dewing & Peter Russell |   Free |   2009 |   Thought leadership

The UK insurance industry is the largest in Europe and the third largest in the world with investment holdings valued at £1,480bn in 2006, of which with-profits assets account for some £423bn assets invested. Due to the long-term nature of with-profit contracts and the high level of discretion retained by life insurers in respect of investments and bonuses, the governance of with-profits funds is of considerable importance. This project looked at how PPFMs are being used both internally and externally and the contribution of the PPFM framework to the overall corporate governance arrangements of with-profits funds of firms.

Topics covered:
  • Management accounting: Technical: Risk management & internal control: Internal control, Intermediate

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1 Comments/Reflections

Julia Servi

Julia Servi Apr 2020

Assisted my understanding of the PPFM and its importance to a with profit organisation.