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 run off plans being a “living document”.
- A high volume of schemes nearing sunset clauses over the next 3- 5 years.
- creasing popularity of schemes of arrangement as a capital management tool for closed funds.
To improve customer outcomes for those who have policies in closed with profits funds
- Presentation at the Life Conference
- Accompanying paper made available on the IFoA website
- Survey of with profit actuaries - 2021
- 9 November 2017
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