UK Insurance - Misselling review may drive reattribution


A move by the Financial Services Authority (FSA) to review UK insurers' ability to make compensation payments for misselling from the inherited estates of their with-profits funds, could provide a major incentive to reattribution.

Currently both Prudential and Norwich Union are in discussions over what to do with the inherited estates from their with-profits funds - money built up over the lifetime of the funds but not allocated to policyholders. Prudential has a £8.7 billion estate backing its

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