report proposes life offices Should be required to disclose asset shares for consumers to view
The FSA is advocating a significant change in the way life offices disclose information on with-profits so consumers can see how life offices are allocating their funds. The report published last week, proposes that life offices should be required to disclose asset shares. This would mean that consumers would be able to see to what extent offices were holding back funds for future years, or to what extent they might be over-committing for the current year. Currently only the FSA and ratings agencies are privy to this information. Ned Cazalet, principal of Cazalet Financial Consultin...
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