MPL: with-profits dissatisfaction has soared

Research by the group revealed that discontent amongst with-profits holders has soared over the past year. The findings revealed that 28pc of 45-54-year-olds - the largest demographic of policyholders - intended to stop investing in their policies, up 9pc from last year. More than 35pc in this age group hold with-profits policies. Jeremy Leach, managing director of MPL, commented: "Another year of poor financial markets and disappointing bonus announcements has pushed with-profits policies another step closer to their inevitable demise. "Those people in the older generation will have b...