Asset mix should be focus of with-profits reviews

Speaking at the Fidelity FundsNetwork Investment Forum, Ned Cazalet, managing director of Cazalet Consulting, says advisers need to look at three specific areas when reviewing with-profits: Asset allocation Charges – particularly any additional half-term charges which have been quietly added in to existing business Incidence and relative level of guarantees In his presentation, Cazalet points out between 2000 and 2004 life offices sold £100bn of equities, and although he says the weightings in with-profits funds have settled down he expects further equity sales in the future ...