Principles and Practices of Financial Management

Welcome to Metropolitan’s information pages on the Principles and Practices of Financial Management (PPFM). The information aims to inform you about what you need to know when buying a discretionary participation product. This is in line with Directive 147.A.i LT of the Financial Services Board which seeks to promote transparency, good governance and fairness in the management of discretionary participation products.

What exactly is a discretionary participatory product?
These are products that rely on Metropolitan’s ability to use its discretion (decide what is in the best interest of the policyholder) to manage them with regards to investment, smoothing and bonus declarations.

Below we have included a detailed version of the PPFM, as well as a client summary providing a high level overview.

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