B
Bidza
Member
There is a paragraph from chapter 6 which reads,
"Companies might also retain the right to apply an MVR to switches out of an accumulating with-profits fund into a unit-linked fund."
Could someone please explain what happens when AWP contracts switch to unit-linked funds. Does this mean that the contract is now changed to a unit linked product?
"Companies might also retain the right to apply an MVR to switches out of an accumulating with-profits fund into a unit-linked fund."
Could someone please explain what happens when AWP contracts switch to unit-linked funds. Does this mean that the contract is now changed to a unit linked product?