With-profits providers to keep exposure to equities

Professional Adviser
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Leading UK with-profits providers have no intention of following AMP's lead by severely lowering exp...

Leading UK with-profits providers have no intention of following AMP's lead by severely lowering exposure to equities to reduce risk. As part of the AMP group's restructuring plans, the NPI and Pearl Assurance with-profits funds are to drastically reduce equity exposure in a bid to reduce risk in their products. Such a reduction in equities means the £8.1bn NPI and £11.6bn Pearl with-profits funds effectively become property and fixed interest portfolios. Although there are concerns other life companies may follow suit, a spokesman for Standard Life said the mutual remains committed t...

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