MVR

The Financial Services Authority (FSA) has published final rules on the use of market value reductions (MVRs) by with-profits providers.

Friends Provident has removed all market value reductions (MVRs) from its with-profits policies.

Complaints linked to property funds, deferral periods and market value reductions (MVRs) are on the increase, as investments disappoint in the wake of the crisis, says the Financial Ombudsman Service (FOS).

Standard Life has maintained bonus rates and cut market value reductions (MVRs) for more than a million with-profits investors.

Investors should be wary of Aviva's offer to carry forward its no-MVR guarantee on with-profits bonds, warns Fraser Heath Financial Management.

Aviva says existing investors in its with-profits fund will not be forced to cover any losses incurred by the introduction of a new money-backed guarantee option.

Friends Provident has removed market value reductions (MVRs) on some of its pensions contracts.

New investors in with-profits funds are facing a 9p charge for every £1 invested in the funds, according to Skandia.

Strong market performance and general improvements in the stock markets have caused Norwich Union to remove Market Value Reductions (MVRs) from existing with-profits policies.

Financial advisers are expecting more clients to surrender their Standard Life with-profits policies as its latest bonus rate announcement reveals the fund returned just 2.2% in the last six months.