This Working Party aims to research current issues impacting closed with profits funds and share best practice on how these issues can be managed
The Party has been set up in the context of:
- the FCA thematic review on the fair treatment of with profits policyholders (TR19/3) and the focus on runoff plans being a 'living document'
- a high volume of schemes nearing sunset clauses over the next 3- 5 years
- the increasing popularity of schemes of arrangement as a capital management tool for closed funds.
Key objectives:
To improve customer outcomes for those who have policies in closed with-profits funds
Key outputs:
- Presentation at the Life Conference - November 2022
- Final report published November 2022
- Survey of with profit actuaries - 2021
Chair: | Jonathan Welsh |
---|---|
Membership: | 14 |
Established: | 2020 |
Related documents
-
Guidance for Member-Led Research Working Parties
9 November 2017
Contact Details
If you want more information about this research working party please contact the Communities Team.
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