Par fund clarity - full bonus history is quite reasonable

IF there's any lesson to be learnt from the experiences of the United Kingdom about participating funds - also known as "par funds" - it is that too much transparency is likely to snuff the life out of the industry.

A few decades ago, measures aimed at introducing greater transparency in the UK was a key factor in unravelling the par fund business.

So it's not hard to see why the Life Insurance Association Singapore (LIA Singapore) is caught in a bind as it navigates the tricky terrain of improving disclosures while managing members' reservations about doing so. Yet, greater clarity is needed for consumers to make more informed choices.