Welcome to AKG

AKG has been analysing and assessing the with profits funds managed by UK life offices for over 20 years. Each year, our work in this area culminates in the publication of AKG’s comprehensive, well known and respected UK Life Office With Profits Reports, the most recent edition of which was published in December 2017.

As a result of this work, AKG is well positioned to reflect on this market and in particular to continue to highlight pertinent aspects for consideration by advisers and paraplanners. And as an independent analyst and commentator in this market we also wanted to make a high-level AKG with profits market update more widely available to interested parties. This led to the publication of our first AKG With Profits Market Briefing in March 2017.

We are now pleased to be able to follow up this activity with the publication of the 2018 AKG With Profits Market Briefing.

This AKG With Profits Market Briefing illustrates some of the key statistics, developments and trends observed in our 2017 UK Life Office With Profits Reports.

The briefing is available to download, free of charge, at www.akg.co.uk/downloads.

11 April 2018

AKG is delighted to announce the launch of its 2017 UK Life Office With Profits Reports.

Who are the reports designed for and why?

These reports are designed to assist advisers and providers in assessing the relative merits of specific with profits funds. The aim is to provide comprehensive, structured and consistent information, accompanied by AKG's key analytical assessments of with profits financial strength, future performance and transparency.

What is the size of the with profits market?

The amount of with profits business in-force remains considerable (with profits technical provisions totalling over £274 billion at the end of 2016).

What funds and firms are covered?

The reports contain analysis and assessments of 185 sub-funds within 72 funds within 26 firms that will be active in the UK market at the end of December 2017 (from 25 different groups). The reports cover providers whose with profits funds exceed £110m, supplemented by smaller companies and friendly societies operating in the intermediary market.

What is included in the reports?

Each individual report provides information on the structure and operation of a provider's with profits fund(s). It also highlights the various risks borne by with profits policyholders and concludes with AKG's long established Ratings for With Profits Financial Strength, With Profits Future Performance, and With Profits Transparency. A number of comparative industry-wide tables are also included, covering a range of key metrics. This year, for the first time, the tables feature industry-wide data from the Solvency and Financial Condition Reports that have been introduced under the new Solvency II regulatory regime.

Can I see the table of contents?

Of course you can, please click here to get a copy of the table of contents.

How much do the reports cost?

£2,150 plus VAT.

How can I purchase a copy of the reports?

The reports can be purchased and downloaded directly from here.

Alternatively you can purchase by email to akg@akg.co.uk and payment can be settled by invoice.

And if you have any questions…

…please get in touch with us.

21 December 2017

AKG is pleased to introduce some significant improvements to the AKG Financial Strength Assessment Reports, for the benefit of report users.

The changes consist of improvements to the format of and information contained in these company level financial strength assessment reports.

Reports issued from September 2017 will be in this new format.

The Presentation on 2017 Financial Strength Assessment Report improvements, can be played below:

More information and an example of the new format, including contents, is also available here.

21 September 2017