Principles & practices of financial management

With-profit fund

A guide to how we manage our with-profit business

This document provides important information about our With-Profit Fund and explains briefly how our approach to managing the With-Profit Fund affects the amount you get back from your with-profit policy. It covers the main points from our full Principles and Practices of Financial Management governance document. Our full Principles and Practices of Financial Management provides a detailed description of our approach to managing our with-profit business.

'A guide to how we manage our with-profit business' replaces the With-Profits Guide and is also known as our consumer friendly Principles and Practices of Financial Management (CFPPFM). This document is available below. Paper copies can be obtained by contacting the Firm at its trading address (Winterthur Way, Basingstoke, Hampshire, RG21 6SZ).

Assets backing our with-profit business

This document provides details of the assets backing our with-profit business.

2009 regular bonus declaration

This short guide explains the rationale for the regular bonus declaration for 2009 and how it affects your with-profit policy.

Principles and Practices of Financial Management

This document describes the governance procedures surrounding the financial management of the With-Profit Fund of Winterthur Life UK Limited ("the Firm"). All companies carrying on with-profit business are required by the Financial Services Authority ("the FSA") to define and make available their Principles and Practices of Financial Management ("the PPFM").

The aims of the PPFM are to:

• Inform policyholders and potential policyholders of the material risks and rewards from investing in and maintaining a with-profit policy; and
• Set out the key features of the management of Winterthur’s with-profit business, including relevant discretions and constraints and any issues which have (or it is reasonably foreseeable may have) a significant impact on such management.

The document is available below. Paper copies can be obtained by contacting the Firm at its trading address (Winterthur Way, Basingstoke, Hampshire, RG21 6SZ).