FSA consultation paper on with-profits funds
Mayer Brown Newsletter
On 23 February 2009, the FSA published Consultation Paper 09/09 “With-profit funds – compensation and redress”. This refines and develops the FSA’s thinking in CP08/11. CP09/09 sets out the FSA’s proposals regarding compensation and redress payments arising from operational failures including mis-selling that life insurance companies may currently charge to their with-profits funds.