Kingpost, I agree with you totally, there are some very capable people involved with LIPS as there are in EPC. It is in fact a central bank requirement to hold an insurance trading licence to sell such products....this I believe along with your comments is why EPC wanted more distance. It would put EPC in a position of facilitator for a product they cannot sell by law....my only other question is....would you trust a pilot with your financial future?
I think that has been answered on more than one occasion in DXB with some of the calamities that have happened over the last 10/15 years!
Me, definitly not! But then we all have free choice and I for one would rather entrust my further with an insurance company with a track record and endless monies for underwriting! Then again I suppose there is no reason why not to have both!