TurningGreen
Registered User
- Messages
- 49
Hi,
I requested info on my pension plan bond and it has the following text for allocation rates
The allocation rates for regular and single premiums will be reduced if the term to retirement is less than 10 years. The reduction is 1% for regular premiums for every year that the term is less than 10
The allocation rate on this policy is 100.50%
Just wondering what above means in simple terms!!!
I understand a 97% allocation rate would be €97 invested and €3 in charges of a €100 but don't understand above. Any help appreciated.
I requested info on my pension plan bond and it has the following text for allocation rates
The allocation rates for regular and single premiums will be reduced if the term to retirement is less than 10 years. The reduction is 1% for regular premiums for every year that the term is less than 10
The allocation rate on this policy is 100.50%
Just wondering what above means in simple terms!!!
I understand a 97% allocation rate would be €97 invested and €3 in charges of a €100 but don't understand above. Any help appreciated.