PET - Plain English Taxonomy

Attribute: PL14267
Concept:
Label: Effective movement in net policy liabilities
Concept Guidance:
Report the value of the effective movement in net policy liabilities, calculated as:- increase/(decrease) in net policy liabilities;- less deposits received;- plus withdrawals of deposits;- plus non-premium related fees for management services (which would otherwise be recognised as a reduction in policy liabilities);- plus movements in the liability for deferred fee revenue (which are reported as part of Fees for Management Services Rendered but would otherwise result in a change in policy liabilities for Investment Contracts);- less movements in the liability for deferred acquisition costs (which are reported as part of Operating Expenses but would otherwise result in a change in policy liabilities for Investment Contracts). 
Dimensions
Dimension Member Description
This dimension is used to categorise information according to business activity.
This dimension is used to categorise reported information according to the jurisdictional reach to which that information relates.
This dimension categorises reported data according to predefined product groups.