The FSA's latest consultation paper threatens to have major repercussions on mortgage deficits and the UK's pensions provision
The FSA's revised consultation paper on treating with-profits policyholders fairly is set to favour the minority and not achieve its original aims. Around 14 million with-profits policyholders could find themselves worse off if the regulator's latest proposals come to fruition. It recently published its Consultation Paper 04/14, a revision on CP207. Treating With-Profits Policyholders Fairly outlines proposals that will exacerbate the severity of mortgage endowment shortfalls and increase the strains on this country's pension provision. The proposals will force life offices to increase ...
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