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I know I covered this topic before but today's <!--EZCODE ITALIC START--> Irish Times<!--EZCODE ITALIC END--> prompts me to shout from the rafters that <!--EZCODE BOLD START--> I told you so<!--EZCODE BOLD END--> :eek !
Unfortunately it does not seem to be on their Website but, briefly, <!--EZCODE ITALIC START--> Brenda Dunne<!--EZCODE ITALIC END-->, Canada Life's actuary quoted as follows, <!--EZCODE QUOTE START--><blockquote>Quote:<hr> <!--EZCODE BOLD START--> ...warns that a strong stockmarket rally would be necessary to maintain the present level of bonuses<!--EZCODE BOLD END--><hr></blockquote><!--EZCODE QUOTE END--> And she should know (Canada Life are big WPB providers).
Present level of bonuses? 5% before tax and charges! Hey, if these need a strong stockmarket rally to sustain them there must be an awful lotta ground to make up.
What adviser could possibly put a client into a WPB today? If there is a strong stockmarket rally you would be far better off in a fund which gives you your entitlement and not one which will use your gains to subsidize these heavy legacy losses.:hat
Unfortunately it does not seem to be on their Website but, briefly, <!--EZCODE ITALIC START--> Brenda Dunne<!--EZCODE ITALIC END-->, Canada Life's actuary quoted as follows, <!--EZCODE QUOTE START--><blockquote>Quote:<hr> <!--EZCODE BOLD START--> ...warns that a strong stockmarket rally would be necessary to maintain the present level of bonuses<!--EZCODE BOLD END--><hr></blockquote><!--EZCODE QUOTE END--> And she should know (Canada Life are big WPB providers).
Present level of bonuses? 5% before tax and charges! Hey, if these need a strong stockmarket rally to sustain them there must be an awful lotta ground to make up.
What adviser could possibly put a client into a WPB today? If there is a strong stockmarket rally you would be far better off in a fund which gives you your entitlement and not one which will use your gains to subsidize these heavy legacy losses.:hat