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Principles and Practices of Financial Management

In order to manage discretionary participation business, long-term insurers must use their discretion in managing investments and allocating bonuses.

Directive 147.A.i (LT) issued by the Financial Services Board requires insurers to define, and make publicly available, the Principles and Practices of Financial Management (PPFM) that are applied in the management of their discretionary participation funds. It should be noted, however, that a PPFM is neither a comprehensive explanation of the management of the discretionary participation business nor of every matter that may affect a particular policy contract.

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​​​​Principles and Practices of Financial Management

In order to manage discretionary participation business, long-term insurers must use their discretion in managing investments and allocating bonuses.

Sanlam Life Insurance Limited ("Sanlam Life") has published the following documents covering the PPFM.

Sanlam Developing Markets Ltd has published the following document covering the PPFM. (pdf)

principles-and-practices-of-financial-management Principles and Practices of Financial Management (PPFM)

Principles and Practices of Financial Management