Why not ? Depends on the bond fund of course but since 2010 bond prices have soared. Example would be the Ir Life pension protection fund which is invested in mainly LT Euro Gov bonds is up around 60% since 2010. So his 8% pa is about right.Anything sold door to door has to involve a huge distribution cost.
If as Steven says they are mainly invested in the bond market, they could not be returning 8%
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