Advisers fight back after with-profits attack

In a stinging attack on advisers, Which? personal finance expert Dominic Lindley called for the FSA to crack down on a "money for nothing" culture surrounding with-profits policies. He also blamed insurance companies for failing to make customers aware of the commission paid to advisers and for a lack of transparency regarding their own charges. With-profits funds have been hitting headlines recently as economic turmoil dents returns, leading to major reductions in bonuses and fund values. Insurance companies have defended their decisions as being in the best interests of policyholders,...