With-profits policies failing to live up to expectations
“Really, if you’re hanging on to your policy you want a degree of predictability… [t]hose who do not feel they have this may want to move on.”
Dennis is quoted in an article in the FT on with-profit policies.
While the Aviva payouts announced this week are good news for some with-profits investors, those with money in other life offices may be feeling less fortunate.
Stock markets remain volatile and the Financial Services Authority is paying closer attention to the financial strength of life assurers and banks, in the wake of the Equitable Life and Northern Rock scandals.
Financial advisers say policyholders would be wise to do the same.
You can read more of the article, which explains some of the related jargon on the FT website.
