Worth keeping my Endowment?


A

Andy Fell

See this:
This is a very poor fund. It under performs its sector and its peers.
Its crap.
Oh I see.. This is what gets me.. I'm unaware what is 'good' and what
is 'bad' in the recent financial climate.
Do you mean it has 16 years to go or that you have had it for 16 years?
The 6% is totally meaningless. According to S&P it has actually grown by
3.7% in the last 12 months against a sector average of 8.87. A
mainstream UT such as Jupiter Income (which I have been quoting here for
almost 10 years) has returned over 17% in same period.
Sorry I mean I have 16yrs 8mths left.

Where do you get these figures from? How do you conclude that the 6%
is meaningless?

Thanks for your help!

cheers
Andy
 
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J

john boyle

Andy Fell said:
Sorry I mean I have 16yrs 8mths left.
Thanks. In that case, there is no way I would invest ion that fund for
another 16 years. Get out now.
Where do you get these figures from?
Standard & Poors : www.funds-sp.com
How do you conclude that the 6%
is meaningless?
I think the 6% to which you refer is merely one of the FSA standard
rates that a LifeCo must use for its projections OR the LifeCo have
manipulated a period over which they can quote such a rate of growth.
 
F

Fergus O'Rourke

Daytona said:
(e-mail address removed) (Andy Fell) wrote: [snip]
If he said that without qualification, I'd say that opens the way for
a miselling complaint. The endowment monthly payments may have been
cheaper,
[snip]

Not cheaper, lower.
I'd be minded to launch a complaint and let the regulator decide,
that's what they're there for.
The regulator does not handle complaints.

The FOS does, but can you rely on them to perform ?
Beware of rip off 3rd party claims organisations. [snip]
Are all claims organisations rip-offs ?
 
A

Andy Fell

Where do you get these figures from?
Standard & Poors : www.funds-sp.com


I think the 6% to which you refer is merely one of the FSA standard
rates that a LifeCo must use for its projections OR the LifeCo have
manipulated a period over which they can quote such a rate of growth.
I know what you mean, but if you look further down the page on the
link I suppied, it suggests that there is a growth of 6% in the last
year. Are you saying that these are figures that are manipulated to
look like they can meet the 'average' figure supplied by the FSA?

Andy
 
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J

john boyle

Andy Fell said:
I know what you mean, but if you look further down the page on the
link I suppied, it suggests that there is a growth of 6% in the last
year. Are you saying that these are figures that are manipulated to
look like they can meet the 'average' figure supplied by the FSA?
Yes. They have taken a discreet period between two second quarters that
just happens to have matched the required criteria. I think you should
be looking at the annualised compound return from the upper part of the
page.
 

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