With-profits are still fighting their corner

The Prudential has warned investors not to ignore with-profits because the products that have emerged from the other side of the bear market are well-managed core investment vehicles. Prudential's investment development director James Tothill said the market has suffered from providers withdrawing products and from investor expectations not being met. He said: "Whether you like with-profits or not, over half of all life policies in the UK are invested in with-profits, 25% of pensions are and 13% of the business written last year was with-profits; and in the offshore market, you will be...