An evolution rather than a revolution

with-profits

The new generation of with-profits builds on products that are already in the market in a number of different guises

The concept of new generation with-profits is an evolution rather than a revolution. It exists in the market in one shape or another under a number of different guises, from products that have drawn on some of the core characteristics of with-profits to others that are pure bloodline descendants of the original concept. In effect, what we are seeing is an overhaul and refurbishment of the grand old dame of the investment industry. This may disappoint in some quarters but if we strip with-profits back to basics, we have a concept that has much to commend itself. At a basic level, it reflect...