With-profits changes proposed by the ABI

The ABI's quality mark project could lead to a greater consistency between with-profits and other unit-linked products. The SALTR committee has recommended that companies that wish to obtain the quality mark would have to agree to alter existing with-profits products to some degree and provide consumers with a detailed explanation of with-profits methodology. In developing the standards for with-profits, the committee argued it was necessary to point out the essential differences between these types of policies and unit-linked products and then to communicate this clearly to consumers. In...