FSA releases with-profits review

Professional Adviser
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The FSA has issued a consultation paper with proposals to require UK life companies to be more expli...

The FSA has issued a consultation paper with proposals to require UK life companies to be more explicit with investors on their MVA, investment, early surrender and bonus policies. These would also force with-profits providers to give information about the fund's exposure to business risk, as well as detailing the scope it has to make any necessary changes to investment policy. The proposals in the paper, the fourth of five in its review of with-profits all published at www.fsa.gov.uk, also suggest that life offices need to inform investors about the management of the inherited estate o...

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