Britannic Investment Bond

gwendolyne_2

Can anyone advise me what to do with my Investment bond which I have held for 5 years it has not made me any money at all Would I be better to cash it in or just to leave it there Thank you

dunstonh

Depending on the type of bond, its probably not that which has not made any money. Its the funds within it.

No-one can answer your question at this stage as we have insufficient information. What funds are you invested in? What funds are available (it may be a case that hundreds are available or just a few)? How has it performed over the last year or two compared to earlier years? Is it a proper investment bond or a guaranteed equity bond?

gwendolyne_2

Hi dunstonh
The policy I have with them is Portfolio Bond 100% with Profit it says on the policy Date your bond started 15 November 2000, Units at 27 Arpil 2005 26597.23 cash in value at 27 April 2005 24.296.32 Does that help you !!

dunstonh

Yep, it shows you are in the With Profits fund. Which is unfortunate. However, you need to look or ask for the surrender value including market value reduction. If that penatly is zero, then get out ASAP. If a penalty still exists, then you MAY have to stay put.

Britannic are closed for life business and offer limited options going forward. If no penalty, then its a case of looking elsewhere.

gwendolyne_2

Hi Dunstonh
How much would I have to pay for MVR to get out of it also on one of the policys it says Bonus for 2002 Deferred What does that mean ?

EdInvestor

Hi gwendolyne,

Have a look in the small print and see if there is any penalty free date on which you can take the money out with no MVR.

I hate to tell you this but it's often on the 5th or 10th anniversary of the date you took out the bond.

Ring up and ask for the "surrender value" - this will include any penalty.I agree if there's no penalty you should take the money out straight away.