The FSA has published its findings from its comprehensive review of with-profits management. This focused on whether firms are treating their with-profits policyholders fairly.
We know that many firms have made good progress, but a significant number also fell short of the FSA say it expects and are not adequately demonstrating the practices the FSA would expect from a well-run with-profits business.
This publication outlines the issues that you will need to consider as the FSA increases its focus on whether firms are adequately protecting with-profits policyholders’ interests.