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Help, I need Capital Protected Fund adice
the_commander
Posts: 77 Forumite
Hi all, I was in Lloyds today and was advised towards a CPF. Can anyone help me with the pros and cons of this?
Appreciate any tips about how they can guarantee my capital?
Thanks
Appreciate any tips about how they can guarantee my capital?
Thanks
0
Comments
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You lose the dividends to pay for the downside protection.
Typical rubbish looking guaranteed equity bond (geb) product, give the forum a search for more details why the are so derided.0 -
Thanks Tom, this is the fund I was looking at:
[FONT="]http://www.scottishwidows.co.uk/extranet/documents/47773.pdf[/FONT]0 -
Poor quality product designed to be sold by low skilled advisers at banks to low knowledge customers.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Oh, that doesn't sound too good. What would be a better option dun?0
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