Delays dog $676m life insurance wind-up
‘Tax issue’ remains obstacle to clarity for thousands of Foundation Life policyholders.
Foundation Life chief executive Grant Piercy.
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After more than two years of delay, policyholders of life insurer Foundation Life should learn in September how the company plans to implement “project scholar” – a plan to shut down the company, cash up the policies and deliver a dividend to shareholders.
Foundation Life, owned by interests
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