Can you get a projection from them - your guaranteed benefits won't necessarily be
what you get.
You'll typically buy a certain number of units with each monthly amount. Often you'll buy these units at say 95% (so for each tenner you get £9.50's worth of units) to pay the financial adviser's commission.
On top of these you should be getting
- a reversionary bonus every year. Typically this will be small, a low single figure number of percents.
- a terminal bonus once, at the end. This can be a significant amount of what you get at the end but if you cash in early you won't get one of these.
NEITHER BONUS IS GUARANTEED.
I would check with your company and ask for a projection - say your policy matured this year what would the actual sum be, and you understand this isn't a promise but just indicative of the kind of amount it might be.
I am not a financial advisor (but I wrote software for some once which is how I know the above).
Posted By: Old Man on March 26th 2018 at 18:09:20
Message Thread
- Any financial adviser/expert type people on here? (General Chat) - jonnym6, Mar 26, 16:59:27
- Not a Financial Adviser but link below (Daily Heil from 2012) (General Chat) - biffbro, Mar 26, 23:57:14
- Thanks biffbro - helpful (n/m) (General Chat) - jonnym6, Mar 27, 10:14:55
- that is terrible (General Chat) - pinkney, Mar 26, 23:37:17
- It's called Capitalism mate - rich c**ts take your money while (General Chat) - CB41, Mar 26, 20:52:18
- Presumably there are management charges etc (General Chat) - CWC, Mar 26, 20:10:01
- Thats a pretty disgusting return. (General Chat) - usacanary, Mar 26, 19:18:06
- Can you get a projection from them - your guaranteed benefits won't necessarily be (General Chat) - Old Man, Mar 26, 18:09:20
- The projection.... (General Chat) - jonnym6, Mar 26, 20:26:10
- well (General Chat) - ghostof barry butler, Mar 26, 17:18:56
- Get that but it seems to be if I leave it in I will still lose money. (n/m) (General Chat) - jonnym6, Mar 26, 20:27:15
- Well it seems to me that you were told both options (General Chat) - ghostof barry butler, Mar 26, 21:06:59
- No not at all (General Chat) - jonnym6, Mar 26, 22:11:33
- Well it seems to me that you were told both options (General Chat) - ghostof barry butler, Mar 26, 21:06:59
- Get that but it seems to be if I leave it in I will still lose money. (n/m) (General Chat) - jonnym6, Mar 26, 20:27:15
- Not a Financial Adviser but link below (Daily Heil from 2012) (General Chat) - biffbro, Mar 26, 23:57:14
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