2020 INTEGRATED REPORT

WHO WE ARE AND WHAT MAKES US DIFFERENT (CONTINUED) SAVINGS AND INVESTMENTS Over the years, members have often admired the way in which their profits had been invested at PPS and expressed a desire to be able to benefit from our investment philosophy and business acumen. In keeping with the ethos of mutuality and the belief that success is better shared, we therefore made savings and investment solutions available to our members through PPS Investments (PPSI), an investment management services provider for graduate professionals and their families. PPSI offers the full spectrum of investment solutions that professionals require for different tax benefits – including living and retirement annuity funds, personal pension funds, preservation funds and investment accounts – and across different risk-return fund solutions. Whether investing long-term for retirement, saving for a more specific short-term goal or preserving existing savings, PPSI offers members tax-efficient savings and investment solutions for every stage of life. A major differentiator, aligned with the principle of mutuality, is that members with qualifying risk products are also eligible to share in the investment administration and management profits. SHORT-TERM INSURANCE Following on our success with income protection and life insurance – and driven by the desire expressed by some of our members to have all of their financial services products housed within the PPS community – we also created PPS Short-Term Insurance, which addresses members’ motor vehicle, home and business insurance needs. PPS Short-Term Insurance is unlike any other short- term insurance business. Firstly, since it only serves professionals, the solutions and unique added-value services it provides are exclusively tailored to meet our members’ specific needs. Secondly, the short-term insurance business, like the PPS Group, is operated according to the principles and ethos of mutuality. Since there are no outside shareholders, any profits generated after paying expenses and honouring valid claims are shared with members who hold qualifying products. There is no leakage of dividends to outside shareholders. After paying for the costs of running the business, all money from premiums and investment returns is eventually returned to members, either in the form of claims payments or as additions to their Profit-Share Whether investing long-term for retirement, saving for a more specific short-term goal or preserving existing savings, PPSI offers members tax-efficient savings and investment solutions for every stage of life. Saving and investing are fundamental to financial security and the longer the savings or investment period, the greater the benefit from compound investment growth. 10 | PPS INTEGRATED REPORT 2020