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LAUTRO
LAUTRO Prescribed Projection Rates
The regulators have created many problems and they must take some of the
blame. For many years product providers used 'Standard' growth rates prescribed
by LAUTRO and this distorted the market.
 | IFAs could not use 'own charges' projections for research.
| Clients were basing their decisions on artificially high quotations.
| A few greedy providers used these rates to calculate the premium.
| Some providers hid behind 'assumed' average charges with the blessing of
the then regulator.
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This regime affected all areas of business including Pensions, Endowments,
Investments and Whole of Life.
Many years later the rules have been changed and the public were invited to
claim by the regulators using:
| RUOWED, a blatant abuse of power in the pensions 'Misselling' farce.
| FSAVC debacle, how many Missold?
| Mortgage Endowment Fiasco, where is the loss?
| Split Cap abomination, where were the regulatory warnings? And why don't
they shoot the designer?
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