We gather in the cases of Aviva and Prudential the shelling out of surplus cash to policyholders has stalled somewhat, as the Companies and the installed Policy Advocates are unable to agree an equitable split.
The "with profit policyholders are looking for 90% of the surplus funds to be paid to them, whilst the Companies seem to think a 50:50 split would be fairer.
We have said before what possible stake can a present day policyholder have on unclaimed policy proceeds from a policy taken out before the 1st World War, apart from the tenuous arguement that the "with profit" funds helped establish the Company in the first place.
In these present troubled times, perhaps doing nothing is the right course of action, so that these undistributed assets can act as a buffer, if something nasty creeps out of the woodwork, and with a bit of wishfull thinking perhaps the old fashioned increasing bonus regime could be reintroduced!!!