With Profits

The Financial Services Authority has unveiled a series of reporting measures which effectively make it possible to compare the performance and payouts of with-profits policies.

Skandia has unveiled a new website to help investment advisers assess whether clients should continue to hold their with-profits policies, and make the transfer if appropriate.

with-profits

Scottish Widows has maintained its bonus rates on the majority of with-profits policies but the market value reduction has been cut by an average 3% on the back of improved investment performance.

Former Equitable Life chief executive Roy Ranson has defended the insurer's policy of not holding reserves in its with-profits life insurance fund to cushion it against financial shocks, says the Daily Telegraph .

SCOTTISH MUTUAL has slashed terminal bonuses on with-profits pensions less than 30 years old to zero, report the Daily Telegraph.

Standard Life has left bonus payouts on with-profit bonds, homeplans and stakeholder policies unchanged however final bonus rates have been reduced on remaining products.

Clerical Medical has cut its bonus rate payouts again - in line with most other with-profits provide...

Standard Life policyholder David Stonebanks is rallying support to present demutualisation calls to ...

With-profits is currently in the spotlight. The FSA and the Sandler committee are reviewing it. The Consumers Association has been slamming it for some time. Some of the national press have picked up on the issues and are publishing a steady stream of...