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This page relates to the National Mutual With Profit Fund

The National Mutual With Profit Fund was established on 31st December 2007 by the scheme that transferred the with profits business from NM Pensions Limited (Tomorrow^TM) to Windsor Life Assurance Company Limited. It primarily contains the business originally written by National Mutual Life Assurance Society which was held in the National Mutual Fund.

Principles and Practices of Financial Management (PPFM)

The Financial Services Authority (FSA) requires firms to establish and maintain a document called Principles and Practices of Financial Management (PPFM). This detailed document describes how the Company runs its with-profits business.

Please click here to open the current version of our PPFM (307Kb). This document is effective from 1 July 2010.

You can download previous versions of the PPFM that relate to the former National Mutual Fund here:

• Version published July 2009 (288Kb)
• Version published December 2007 (288Kb)
• Version published July 2007 (170Kb)
• Version published April 2007 (200Kb)

• More information:

• Principles and practices of financial management (PPFM)
• Consumer friendly PPFM
• Annual reports to policyholders
• Current With-Profits policy bonus rates
• With-Profits fund asset mix
• Market value reductions (MVRs)