Something I've been having a look at recently is tax deductions in with profits funds. I had a recollection that at one stage the FSA made some statements about tax in with profits funds that caused some consternation amongst life insurers. But I couldn't track it down. I think I've found it and so I'm putting it on the blog.
As per usual with these things the tax section is lurking at the back in annex 5 paragraphs 6.43 - 6.45. I'm pretty sure that the regulator eventually backed away from these proposals but it perhaps gives some guidance on how things could be done.
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