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GLOSSARY
Principles and Practices of Financial Management definition
Published by a LexisNexis Pensions expert
What does Principles and Practices of Financial Management mean?
Principles and Practices of Financial Management is a formal document produced by the company and signed off by the board detailing the processes of managing the with-profits fund, particularly explaining how areas involving discretion will be handled.
The contents of the PPFM are prescribed by the FSA. These tend to be long documents which led to a shorter concise version, the Customer Friendly PPFM being introduced for the benefit of the non-technical reader.
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