The True Distortions in the With Profits Market "If disclosure is not the problem, then more information is not the answer"
AbstractThe Financial Services Authority’s review of With Profits policies has been motivated by a perception that consumer understanding of these products is insufficiently developed. This paper suggests that these concerns have not so much been overstated as misguided. With profits policies are complicated but consumers don’t need to understand them.
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Bibliographic InfoPaper provided by Henley Business School, Reading University in its series ICMA Centre Discussion Papers in Finance with number icma-dp2002-16.
Length: 10 pages
Date of creation: May 2002
Date of revision:
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- Andrew Godley, 2002. ""Best-advice" and the "true" mortgate term. Actuaries' endowment advice principles revisited," ICMA Centre Discussion Papers in Finance, Henley Business School, Reading University icma-dp2002-01, Henley Business School, Reading University.
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