Principles & Practices of Financial Management

In the interest of greater transparency and of good governance, Old Mutual publicises the principles and practices of financial management (PPFM) that are applied in the management of its discretionary participation business. This is in line with the requirements of the Financial Services Board (Directive 147.A.i LT). The principles and practices of financial management are applicable to both Retail and Corporate clients.

What is discretionary participation business?

Discretionary participation business is essentially business where policyholders participate in the returns earned, and where the insurer has discretion in some key areas that affect policy benefits, such as how the assets backing the policies are invested and how bonuses are declared.

What is the purpose of the PPFM?

The purpose of the PPFM is to explain how Old Mutual exercises its discretion in managing discretionary participation business.

  • Download the Old Mutual Life Assurance Company (South Africa) Principles and Practices of Financial Management of Discretionary Participation Business.

Important additional documents:

How do the Principles and Practices affect my investment?

The PPFM does not alter the contractual rights and obligations which Old Mutual or its clients have under policies which Old Mutual has issued or acquired. Should there be any conflict between the PPFM and the policy contract, the policy contract will prevail.

The Principles and Practices are applicable to both Retail and Corporate clients.

  • Retail clients, that is clients invested in: Max Investments; Max Income; Investment Frontiers; Galaxy; Investment Horizons; Essential Savings; Nedbank 10; Greenlight Savings Benefit; Flexi; Reversionary Bonus; Performance Profits Funds; Guaranteed Capital Fund; Group Schemes Investment Plan; Group Schemes Money Care Plan; Group Schemes Retirement Plan; Group Schemes Domestic Worker Plan; Group Schemes Education Plan or Group Schemes GrowPlan. More information
  • Corporate clients, that is clients invested in: Guaranteed Fund; Genesis Gross; Genesis Net; CoreGrowth 100 and 90; Bonus Escalating Annuity Targeting Portfolio; Absolute Smooth Growth; Absolute Stable Growth; Absolute Secure Growth; Pensions Optiplus (including Pensions Plus); Platinum Pension; Platinum Pension 2003 or Platinum Multi-Manager (IS & SYmmETRY). More information 

Frequently Asked Questions

For more information, please read the comprehensive list of frequently asked questions.