With-profits investors 'unhappy' with funds

Research carried out by MPL suggests around 6.2 million with-profits investors are not pleased with the performance of their with-profits fund in 2009, up from 5.5m in 2007. Furthermore, 1.33 million say they do not plan to continue investing in their with-profits fund, though the figures have fallen in recent years as market value reductions (MVRs) have been implemented. Jeremy Leach, managing director of MPL, says: "For the last three years we have charted the relentless decline of with-profits in the UK. "With-profits' failure to deliver on promises of steady returns has been ex...