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Endowments: terminal bonus rates falling
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CIS cuts their bonuses - this took some finding, amazing how quiet these things are kept !
http://www.cfs.co.uk/servlet/Satellite?c=Page&cid=1199261362641&pagename=Corp/Page/tplCorp&currart=1223017182708&currmth=10Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
!!!!!!_here wrote: »CIS cuts their bonuses - this took some finding, amazing how quiet these things are kept !
http://www.cfs.co.uk/servlet/Satellite?c=Page&cid=1199261362641&pagename=Corp/Page/tplCorp&currart=1223017182708&currmth=10
Actually, reading it once again, this bit sticks out:
A 25-year £50 per month endowment policy maturing on 1 October 2008 will pay £37,523, an average annual return of 6.7 per cent. This compares to £37,588 had the policy been surrendered on 1 October 2007.
So a year's extra life cover has cost £665 plus the year's interest on £37,588, potentially. Impressive stuff, CIS. No wonder they kept it quiet. :mad:Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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