Windfalls or Shortfalls? The true cost of demutualisation

An All-Party Parliamentary Group examining the true cost of demutualisation among life companies and building societies has recommended that legislation is introduced requiring an independent check on “windfalls” to ensure members’ interests are being protected. The report, “Windfalls or Shortfalls? The true cost of demutualisation”, is based on the group’s short Inquiry, held in November.…