With Profit Operating Principles (WPOP)
A new governance regime for With-Profits funds in Ireland was introduced by the Central Bank of Ireland in 2018. The Friends First Participating Fund and Friends First Closed Fund will be subject to the new regime from 01/01/2020.
With Profit Operating Principles (WPOP) documents outline how the company complies with this new regime.
Annual compliance statements
The report by the Board of Aviva Life & Pensions Ireland Designated Activity Company summarises the activities and management of the With-Profits Funds over the last year. It confirms that we have managed our with-profits business in line with the guidelines set out in the With-Profits Operating Principles.