AKG guide to with-profits

advisers used to a dearth of with-profits data are now being overwhelmed by its sheer volume

Advisers used to a dearth of information about with-profits funds are facing an overwhelming amount of information as providers comply with new regulations. FSA directives oblige life offices to produce items such as Principles and Practices of Financial Management (PPFM) and Realistic Balance Sheets (RBS). Many of these are substantial documents, with AKG Actuaries and Consultants reporting the longest PPFM seen is around 200 pages. As a result, the company has produced a guide for advisers on how to use the information being supplied to them. PPFMs contain details such as how the firm...