Trio excel in with-profits market

L&G, Norwich union and prudential are only groups with top quality funds, chartwell says

Legal & General, Norwich Union and Prudential are the only groups with top quality with-profits funds in the market. That is the view of Chartwell Investment Management following research into the sector. This concluded even the best providers will suffer due to with-profits' poor reputation, with many investors effectively trapped in poor-quality funds by high market value reductions (MVRs). As the better run with-profits funds have typically kept MVRs low, these could see redemptions as investors flee the sector, while the raft of closed funds, offering no bonus rates or prospect of imp...