Story by: James Redgrave, Financial Adviser
After 12 years of investing client's with profit fund is worth less that he has paid in, claims Brian Pickering
Engage Mutual's unitised With Profits fund will adopt a more active investment mandate at no extra cost to customers.
National Deposit looks to build on new healthcare scheme with two appointments
The fall in confidence of with profits investments is nothing new as they have been in decline for a number of years, claims a leading expert.
Friends Provident has reduced most of its with profits final bonus rates following fund underperformance.
In the July 3 issue of Financial Adviser we stated that Claire Spottiswoode, the Norwich Union policyholder advocate, was elected to her post. She was in fact appointed by the life office.
Managing Partners study claims volatile market is behind investors' decision to pull the plug
Norwich Union and Pru say plans attractive to investors
Sheffield Mutual's maturity and bonus rates beat the average IMA UK All Companies, IMA Balanced Managed and UK equity tracker returns for 2007, according to the firm's estimates based on regular savings of £50pcm.
Wesleyan Assurance Society has matched or increased previous bonus rates during 2007, the mutual has announced
With profits policies have had a bad press over recent years, and at the heart of much policyholder dissatisfaction is perception that they are no longer good value.
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Nearly two thirds of investors are unhappy with their with profits investment performance and a quarter intend to abandon their investment, according to research from investment management company Managing Partners Limited (MPL),
The shareholders of proprietary with profits firms should bear the costs of mis-selling, other compensation and redress, according to the FSA's latest consultation paper
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