Such a clear explanation! Thanks so much.The way these things work is:
Of your premium of (say) 100
Probably 90 goes into deposit to provide the 95 guarantee after 5 yrs and 11 months.
2-3 goes on expenses and probably 3 goes on commission.
Therefore 100 - 90 - 2 - 3 = 5 to invest in the stock market. How much upside are you going to get with 5 pc of your investment in the stock market? So most likely you’ll get something between 95 pc to maybe 105pc of your investment back. With expenses and commission deducted everyone’s a winner except you (unfortunately).
The way these things work is:
Of your premium of (say) 100
Probably 90 goes into deposit to provide the 95 guarantee after 5 yrs and 11 months.
2-3 goes on expenses and probably 3 goes on commission.
Therefore 100 - 90 - 2 - 3 = 5 to invest in the stock market. How much upside are you going to get with 5 pc of your investment in the stock market? So most likely you’ll get something between 95 pc to maybe 105pc of your investment back. With expenses and commission deducted everyone’s a winner except you (unfortunately).
(Actually the split is on page 22 of the brochure - I’m not too far off the mark!)
Did you ever follow up and if you ignored, where did you look to, to in invest?Thanks Brendan. It seemed ok to me but then so does the odd bet on a horse. I guess what gave me comfort was the colour coded risk profile. Don’t they have to follow rules
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