With-profits to be reviewed by Pru and Aegon

The Prudential and Aegon are reviewing their with-profits business, looking to bring in more transparent products in keeping with Ron Sandler's recommendations. Speaking at a joint Association of British Insurers/British Bankers Association seminar last week, the Prudential said it may migrate with-profits business away from its current 90:10 structure. Under this structure, 90% of the profits goes to policyholders and 10% goes to shareholders. Richard Field, head of Pru Lab, Prudential's product design team, said further changes to with-profits should be expected and 'possibly a depar...