Insurer Participating Fund Expenses Need More Transparency

The issue we have is that investment-linked plan participating fund ratios are not directly comparable across insurers because they differ on what they use to calculate their total expense rations.  What one insurer may consider in the calculation may not be what another insurer does.  However, these are all expenses they have in common, such as marketing, management fees, taxes, and other costs, which have varying degrees of relation.  Some insurers release an aggregated amount from all their funds, so we may not have an accurate picture of the performance of individual funds.  This needs to be standardised and addressed, so there is more transparency.