FSA reminds with-profits bonus cutters to treat customers fairly

"Insurance companies are being warned that they must consider their obligation of fairness to customers when cutting the value of bonuses on with-profits funds.
In its 2009 Financial Risk Outlook report, the Financial Services Authority states that “falling asset values combined with low interest rates are a particular issue for with-profits firms”.
The report goes on [...]" (2009-2-10)
Read more...