Hiya, The point that speaks to NP business being written into the WP fund, is it possible to transfer the existing NP business to the WP fund or does it have to be written as it is in the examiners report? Thanks so much.
The existing NP business is written in a shareholder-owned fund. If it were transferred into the with-profits fund, the with-profits policyholders would now (mostly) be eligible for the profits arising on it. In order for this transfer to take place, the with-profits fund would therefore have to compensate the shareholders for the profits they would be losing - and the rest of the question does not indicate that the with-profits fund would be in a good position to be able to do this. (Nor is it clear that there would be sufficient benefits from doing so.)
