Prudential Endowment since 97

yakface77

Hello,
Firstly i apologise for my lack of 'financial talk', i have this prudential endowment which is no longer linked to a house repayment ive used it as a savings account since 98 as i now have a repayment mortgage.

I have just rang them to ask for the value, i have been paying £55 per month since july 97, and it is worth £9522.48 pence if i cash in within 28 days.
The value at end of dec last year was £6,497.88p

Could anyone advice whether i should stick wth them for the forseable future, or whether i should move it somewhere else.

I am, along with millions concerned about the security of the funds.

thanks in advance.

craig

EdInvestor

Post some more info about it

Guaranteede sum assured
Declared bonuses
Maturity date
Maturity projections

What average return (%) would you expect to get on the money if you redeployed it?

yakface77

ok thanks

There is no guaranteed sum assured (or so i can see)
Bonus units were 150 up to end dec 2007
maturity date is 22/07/2012
projection is £14000

not sure what % id expect, the rate of future investment growth is needed to meet this target is less than 6% each year.

dunstonh

I am, along with millions concerned about the security of the funds.

Pru are one of the most financially secure insurers there is. You also get at least 90% FSCS protection as well. I wouldnt be concerned.

not sure what % id expect, the rate of future investment growth is needed to meet this target is less than 6% each year.

Pru have never failed to hit target (on their own plans). Whilst that is no guide for the future, they have been successful in both of the last market crashes by reducing their equity exposure before the crash came. So, they still retain good future potential.

yakface77

Thats very reassuring, many thanks.

Dick_here

As good as Prudential may be, instinctively I'd not be wanting to keep any endowment that still had 14 years to run.

yakface77

!!!!!!_here wrote: »

As good as Prudential may be, instinctively I'd not be wanting to keep any endowment that still had 14 years to run.

Hey !!!!!!,
The endowment has 3 1/2 years to run now.;)