Consumers now able to compare with-profits payouts

Life insurance companies and firms offering with-profits policies will be required from April 1 to complete additional regulatory return forms disclosing what policyholders will actually receive from the fund should they surrender their policy, and what it amounted to at full term. As it would be impossible to disclose what every policyholder will receive, firms will be required – in forms 59a and 59b – to present standard examples of payouts people will receive, the common example being a 10-year policy taken out a 30-year old next birthday, with a 25-year term, taken out on March 1, 1996...