The role of principles and practices of financial management in the governance of with-profits UK life insurers

The role of principles and practices of financial management in the governance of with-profits UK life insurers

4.11 - 1251 ratings - Source

PPFMs have emerged as key internal and external governance documents for the management and regulation of with-profits funds as boards must ensure that financial management practices are in accordance with PPFMs. This book presents the results of the special corporate governance arrangements of financial services firms. Management accountants have a role not only in the development and operation of systems producing PPFM information but will also need to use PPFM information to understand and compare financial performance. a€c A significant contribution to the research literature on the regulation of the UK financial services industry and on the special corporate governance arrangements of financial services firms. a€c A greater knowledge of the development, use and perceived efficacy of principles and practices of financial management (PPFMs) will enhance the understanding of management accounting and reporting at varying levels of complexity so enabling management accountants to use PPFM information to understand and compare financial performance. a€c Enables Life Assurers to comply with the requirement by the Financial Services Authority to prepare and publish a document called 'Principles and Practices of Financial Management' which also has to be in a 'consumer friendly' version.Life insurance is a significant sector of the UK financial services industry, which in turn is one of the most significant ... The specific research questions the study sought to address included the following: a–i What is the role of PPFMs in theanbsp;...


Title:The role of principles and practices of financial management in the governance of with-profits UK life insurers
Author:Ian Dewing, Peter Russell
Publisher:Butterworth-Heinemann - 2009-05-28
ISBN-13:

Continue

You Must CONTINUE and create a free account to access unlimited downloads & streaming