Any financial adviser/expert type people on here?

Hoping that Wrath is the font of all knowledge!

As responsible parents we took out several bonds many years ago after taking advice from a financial adviser. We wanted minimum risk so settled on a with profits friendly bond with Children's Mutual who then transferred their business to Forester Life. We have 4 bonds with them for our children - maturing at different times - 2 we have paid in £50 a month and 2 at £25 a month. A recent statement suggests that our guaranteed benefits are £10,374 (over 19 years) and £4758 (over 17 years) - but at the end of the term we will have paid in £11400 and £5100.

It does not seem right that our guaranteed figure can be less than what we have paid in when it is with profits - surely we must get back what we have actually paid in plus some small profit at the very least? I have just had a very frustrating call with an adviser and I am none the wiser. Has anybody had a similar experience? Got to the end and lost out? Know who I can complain to about this? I feel like we have been completely mis-sold this product.

Over the period of the investments (from 2004 and 2010) we appear to have had very little bonuses added (£21.57 on the £50 a month bond and £184 on the £25 a month bond). I am very confused! Is there anybody who understands how this works that can advise me on what I can do about it?

Thanks

Posted By: jonnym6, Mar 26, 16:59:27