W
Whyexam
Member
Can someone pls help to explain the paragraph below?
"changing the with-profits valuation basis may not change the value placed by shareholders on long-term free assets. This is because for the purpose of the embedded value, the company may have allocated asset shares to with-profits business in order to produce a realistic future pattern of bonuses."
Tqvm
"changing the with-profits valuation basis may not change the value placed by shareholders on long-term free assets. This is because for the purpose of the embedded value, the company may have allocated asset shares to with-profits business in order to produce a realistic future pattern of bonuses."
Tqvm