Review of the fair treatment of with-profits customers
Regulatory Updates | 25/04/19
The FCA has published a thematic review of the fair treatment of with-profits customers (TR19/3). The key focus areas of the review were:
• Investment strategy and management.
• Capital management in relation to areas such as estate distribution and fund resolution.
• Fair allocation of risk and reward between stakeholders in capital management decisions.
• Governance of with-profits business, principally in relation to the above 3 areas.