Summary
PRUDENTIAL'S plan to distribute [pounds]9 billion of surplus assets triggering hefty windfalls for millions of with-profits policyholders is mired in controversy before it is officially under way because of rumours that the insurer is trying to recruit an industry insider as the 'policyholder advocate'.
New rules mean that if with-profits companies, such as the Pru, want access to surplus capital held in the funds, they must appoint a policyholder advocate.See the full content of this document
Extract
Row Over [Pounds]9bn Pru Asset Plan
These advocates are supposed to be independent, ensu...
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