Story by: Dominic Welling, FTAdviser
Prudential is set to launch a new addition to its PruFund range next month, called the PruFund Cautious fund.
Prudential is planning to launch a cautious growth fund designed to be a "multi-asset smoothed investment" for risk-averse investors.
The Aviva reattribution action group has demanded the resignation of policyholder advocate Clare Spottiswoode, after she allowed Aviva to blacken out potentially crucial data in her latest report published today (22 June.)
Aviva investors are planning to lobby support against the firm's proposed reattribution payout at the provider's series of forthcoming roadshows.
Often described as the dinosaurs of the investment world, with profits endowments have maintained strong payouts throughout the recession.
Aviva investors are up in arms about the fact some policyholders will not be able to vote in the reattribution process, even though their policies are still active.
Aviva has said policyholders entitled to its reattribution offer will still be able to attend the road shows despite the fact some people may not receive their voting packs in time.
Hundreds of thousands of people trapped in under-performing with profits policies could escape through a little-known policy loophole, according to a new report.
The Financial Services Authority (FSA) has come under attack for allowing compensation payments for mis-selling to be taken out of with profits policyholder funds.
Aviva has restructured its reattribution offer with 90 per cent of eligible with profits policyholders to receive between £200 and £1150 each from its £1.4bn inherited estate.
197 year old mutual forced to withdraw products
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When most people think of a financial adviser, they think of ‘the man from the Pru’: ear...