Moving forward

Many offshore life companies offer with-profits funds in their product range either as a standard life insurance bond, or on a capital redemption basis, with both offering gross roll-up. These funds are usually reinvested or reinsured back into a UK parent company's fund. As a consequence, they share in the fortunes, and more recently the misfortunes, of the onshore parent funds. Many of the changes implemented through the various UK Government reviews will have a knock-on effect on offshore with-profits providers. Current Financial Services Authority (FSA) consultations will see the intr...