With Profits Funds
Equitable Life compensation capped by 'limited resources'A Treasury minister yesterday admitted to parliament compensation demands for victims of the near collapse of Equitable Life are being help back by limited resources. |
Should I take Aviva's with-profits payout?The deal has been struck, and the voting packs have been sent out, but if you are an eligible Aviva with-profits policyholder, should you be voting yes for your cash? And what could happen if you vote no, or do not vote at all? |
Aviva sends voting packs to 1m with-profits policyholdersAviva has sent out voting packs to one million with-profits policyholders giving details about the reattribution of its inherited estate. |
Equitable Life victims get their day in courtVictims of the Equitable Life crisis have been given the right to go to court to challenge the government's controversial plans for compensation. |
Aviva makes new with-profits payout offerAviva has slashed its new inherited estate payout offer to policyholders to an average of £600 from £1,000. |
FSA delays inherited estate ruleThe Financial Services Authority (FSA) is delaying the introduction of a rule that would stop firms paying for compensation claims from with-profits funds. |
Legal & General with-profits returns slumpReturns on Legal & General's with-profits policies have declined, as sharp falls in the stock markets hit investments. |
Standard Life cuts bonusesStandard Life has cut annual bonuses on its with-profits rates and introduced a queuing system for policy-holders who want to transfer out of its property fund. |
Norwich Union cuts final bonus on with-profitsNorwich Union has slashed final bonus rates on its with-profits funds by up to 15 per cent compared to last year. |
Avoid with-profits warns Which?Investors are being urged to avoid with-profits policies - with Which? lambasting them for being "complex and confusing". |
Norwich Union slashes with-profits bonusNorwich Union is cutting final bonuses on its with-profits products by up to ten per cent after stock market falls. |
With-profits 'dead duck' loses IFA confidenceIndependent financial advisors (IFAs) are losing confidence in with-profits funds - with just 13 per cent taking a positive view on the investments. |
£1bn Norwich Union with-profits funds payoutInsurer Aviva today reported a 12 per cent rise in operating profit to £1.719 billion and has reached a deal over the inherited estate of £2.1 billion on with-profit funds. |
Equitable Life compensation demanded after maladministrationThe government should pay compensation to victims of the Equitable Life near collapse, the Parliamentary Ombudsman finds today. |
Equitable Life compensation hopes riseNext week will see the release of a long-awaited enquiry into the Equitable Life scandal which could provide some hope of compensation for policyholders. |
Prudential hangs on to £9bn inherited estateSome 4.5m Prudential customers have had hopes of a £9 billion windfall dashed. |
FSA 'failing to protect with-profits policyholders'The FSA has been criticised for failing to protect with-profit policyholders and not providing transparent regulation by a Treasury committee. |
With-profits investors miffedSome 2.4 million investors are planning to pull out of with-profits investments, as dissatisfaction in the sector grows. |
With-profits insurers 'must treat customers fairly'With-profits fund customers must be treated fairly, the Financial Services Authority has told insurance companies. |
Mutual societies give better investment returnsMutual societies are outperforming larger life companies on with-profit pensions, bonds, and endowment funds. |
With-profits funds 'still have a place'In the face of much negativity, a large number of investment advisers still believe with-profits funds have a place in investors' portfolios. |
Time called on with-profits investmentsWith-profits investments are structurally flawed, costly, and out of date, experts have said. |
Standard Life members vote yes to £1,700Today Standard life members voted to demutualise the insurer - seeing them come into line for an average windfall of £1,700. |
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