Millions set to pull out of with-profits

An estimated 64% of investors who hold with-profits investments are unhappy with their current performance and more than 28% are very unhappy, MPL says. Similarly, the proportion of investors who are 'fairly happy' with their policies has fallen to 30% from 37% a year ago. Although 65% of investors plan to carry on investing in these products, 25% - representing 2.4 million people - intend to pull out. Jeremy Leach, managing director of MPL, says: “Investors are leaving with-profits in their droves, especially those who are seeing their endowments fall short of repaying investors’ mortg...