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.
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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