Name and shame 'poor' with-profits firms, FSA urged

The firms were put under further investigation after concerns were raised about governance following an FSA review of the £330bn with-profits sector. A number of other firms have been directed to make immediate changes to their governance arrangements to better protect policyholders’ interests, as the FSA says it will take ‘strong action’ to ensure its requirements are met. It follows a review into the operation of with-profits funds which saw the FSA assess 17 firms representing, as at 31 December 2009, about 80% of the assets in the with‑profits market. The FSA focused on whethe...