federbanger
Registered User
- Messages
- 11
Check very carefully for other actual or potential charges and catches. As I say it's often very difficult to ascertain precisely what the charges are on WP products.I don't know enough about the charges and they may well catch you out on technicalities (don't they all??), but it was a 0.5% fee and none after 5 years so from that point of view it looked good value.
Perhaps but I would not assume this and even if they are it does not necessarily make it the most appropriate product/investment for you.As well with it being so popular, I thought that they must be doing something right.
Unfortunately I know first hand how awkward/opaque WP funds can be. I was (and still am to a small extent with some of my pension investments) an Equitable Life customer.I have looked at the definition on Wikipedi and it is excellent but I would love to know people experience that they have come across when there is a downturn in the stock market, how do the WP fair then (as they are heavily invested). If they fall in line with the market then you cannot complain but if it is double the loss then their is no point in going into something like this.
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