Summary
THE Financial Services Authority is mulling over its response to a written warning from lobby group Which?, claiming that with- profits policyholders at Prudential and Norwich Union are not being properly protected.
Norwich Union's parent company Aviva and its rival, the Pru, are both looking at carving up Pounds 14 billion 'surplus' assets that have built up in their with-profits funds over decades.See the full content of this document
Extract
Row Over Carve-Up of Pounds 14bn
Such deals are controversial as disputes arise...
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