With profits still good but will decline, says Datamonitor

With profits are about to be forced into terminal decline as "exaggerated" bad publicity and regulator "obsession" with transparency have destroyed the product's reputation, a Datamonitor survey says. Its figures indicate that 56% of IFAs have reported either a "negative" or a "very negative" reaction from customers at the mention of the phrase "with profits". On top of that, new pensions with profits premiums are set to drop from just over £1bn annually last year, to just over £700m by 2007, Datamonitor forecasts. Regulator obsession for transparency is largely to bla...