The Financial Conduct Authority (the “FCA”) requires all insurance firms to set out the way in which they run their with-profits funds in a document called the “Principles and Practices of Financial Management” (the “PPFM”).

When you invest in a with-profits policy, you are entrusting your money to the present and future financial management performance of the company with whom you invest. The Principles cover the company’s high-level approach to the management of with-profits investments. The Practices describe in greater detail how the Principles are applied.

The PPFM documents are very comprehensive as they are designed to provide the necessary information for advisers and the Financial Conduct Authority to appraise the management of a with-profits fund. We have also produced “Customer Friendly” versions of the PPFM (the “CFPPFM”).

All of Countrywide Assured’s with-profits business is reassured to ReAssure. Under the reassurance arrangements, ReAssure make all decisions regarding bonus declarations, fund investment policy and surrender values (including Market Level Adjustments). However, the policies are administered by Countrywide Assured and we retain ultimate responsibility for the provision of the benefits under your policy. You can view the current PPFM by clicking here.

The PPFM and CFPPFM documents for these funds are prepared by ReAssure. Please therefore refer to the table below to identify which Guardian (ReAssure) policy is the equivalent of your own Countrywide Assured policy.

Select the appropriate link to view the relevant CFPPFM.

Asset or Treasury

Equivalent ReAssure Policy - Traditional Life Assurance.

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Privilege (With-profit plans with a guaranteed pension)

Equivalent ReAssure Policy - Versatile Individual Pension Plan.

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Privilege II (Unitised with-profit pension plan)

Equivalent ReAssure Policy - Choices Unitised With profits.

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If you hold a with-profits policy issued by Save & Prosper Pensions or Save & Prosper Insurance, please click here to see the PPFM and the CFPPFM and other documents relating to these funds.

 

Countrywide Assured plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.