In 1999 the Financial Services Authority recommended that a standard repayment mortgage was the “best advice” for Independent Financial Advisors to give to essentially all new mortgage customers seeking the best value repayment vehicle. The FSA simply followed the recommendation of the 1999...

The Financial Services Authority’s review of With Profits policies has been motivated by a perception that consumer understanding of these products is insufficiently developed. This paper suggests that these concerns have not so much been overstated as misguided. With profits policies are...