With-profits policies – time for a review?
In May 2007, the FSA (Financial Services Authority) released an insurance sector briefing, in which they stated that policy holders may not understand the risks associated with their with-profits policies, and that these policies may have changed.
Therefore, as part of our obligation to Treating Customers Fairly (TCF) we will be reviewing all with-profits policies throughout the next year. However, this is by no means a quick process due to the large number of with-profits policies held within our system.
With this in mind – and if you know you hold a with-profits policy with us – please contact us, stating ‘with-profits review’ in your enquiry, and an adviser will call you to talk about your options.