Friends rethinks life and pension MVRs

Pow, Helen
September 2009
Money Marketing;9/17/2009, p8
The article reports on the removal of the market value reductions (MVRs) of Friends Provident on its pension contracts and life contracts in Great Britain. The company stresses that MVRs are needed to maintain equality between its customers who surrender and those who continue to invest in with-profits fund. Informed Choice joint managing director Martin Bamford comments that most companies should not only be quick in imposing market value reductions, but also be responsive in its elimination.


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