with-profits annuity research by chartwell shows lack of transparency by product providers
A survey of some of the largest with-profits providers has found Axa to be in the soundest financial health when judged by its free asset ratio, followed by Liverpool Victoria and Legal & General. The research, carried out by Chartwell, found Axa had a free asset ratio of 26%, followed by Liverpool Victoria on 22.3% and Legal & General with 21.2% while Scottish Mutual came bottom of the nine life offices surveyed with a free asset ratio of only 4.2%. The performance of each company's managed funds was also listed with annual compound growth rates (ACGR) over five and 10 years being mea...
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