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In support of with-profits

Three cheers please for Terry O&#39Halloran. I am sure he is not the only one who supports the concept of with-profits policies so strongly.

Why is it that life offices and supporters of such policies do not speak out more strongly?

I can also remember back to 1972/73 when the consumer magazines used to highlight the best and worst of the of with-profits policies and actually supported the best offices at that time.

They actually hailed the low-cost with-profit endowment as the best method of repaying a mortgage.

Never mind, Terry – and all the other with-profits supporters – history will repeat itself and one day we will be seeing reports that justify what you and supporters like you have been saying for years.

Terry Barnett

Hosking & Lake Financial Services,

Christchurch

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