With Profits Operating Principles (WPOP)
How we manage our funds
As we have with-profits policies, we also publish WPOP documents that show you just how our with-profits funds are managed.
The with-profits policies we hold were transferred from The Royal London Mutual Insurance Society Limited (Royal London) on 7 February 2019. Some of Royal London’s documentation, such as the Royal London Principles and Practices of Financial Management (PPFMs), continue to be relevant for our policyholders. This is explained in the WPOP documents. Some documents produced by Royal London are therefore included on this page.
The WPOP documents were previously referred to as PPFM Guides. We have renamed them to be WPOP documents because of new regulations that have been introduced in Ireland. There have been no material changes to the PPFM Guides previously published on our website.
Liver Ireland Sub-Fund
This is a closed fund that relates to with-profits business previously with Royal Liver Assurance Limited and sold in Ireland. This business was transferred from Royal London to Royal London DAC on 7 February 2019.
Royal London PPFM
There remains a link between the Liver Ireland Sub-Fund and Royal London’s Royal Liver Sub-Fund, as explained in the WPOP. Royal London explain how they manage their Royal Liver Sub-Fund in the Royal Liver Sub-Fund PPFM.
What charges for guarantees are applied to policies in the Liver Ireland Sub-Fund?
We have produced this document that sets out the charges for guarantees that currently apply.
German Bond Sub-Fund
This is a closed fund that relates to with-profits business sold in Germany and transferred from Royal London to Royal London DAC on 7 February 2019.
Royal London PPFM
There remains a link between the German Bond Sub-Fund and Royal London’s Main Fund, as explained in the WPOP. Royal London explain how they manage their Main Fund in the Royal London PPFM.
Investment mix and investment returns
Supplementary information on investment mix and investment returns (up to December 2020) for with-profits policies in the: