FSA to solve estate debate - Financial Services Recruitment - Emu Consulting

The FSA has been accused of creating a ''conflict of interests'' between policyholders and share holders hoping to benefit from inherited estates.

Clare Spottiswoode, policyholder advocate for Norwich Union, told a Treasury select committee on Tuesday that policyholders were ''clearly not being treat fairly'' by insurance companies and the regulator should be doing more.

She told MP's the common practice among companies that accumulate excess inherited estates was to distribute 90 per cent of the money to policyholders and 10 per cent to share holders.