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Maturing Investment Plan
Mr_Nimoy
Posts: 18 Forumite
My wifes investment plan is due to mature in October of this year. She took out the plan with Sun Alliance in 1989. She invested £50 per (10 x £5 plans) month but cashed in 3/10ths of the plan 9 years ago. The fund was transferred to Phoenix several years ago. My wifes most recent annual statement showed that the total value of the plan had reduced by 26% in just over a year.
What are her options ?
She was counting on using a large part of the money for home improvements. Is it wise to leave the money where it is till October or cut her losses and take it right now. Is it worth selling on the plan? Should she leave it where it is for X years in the hope that the markets pick up
What are her options ?
She was counting on using a large part of the money for home improvements. Is it wise to leave the money where it is till October or cut her losses and take it right now. Is it worth selling on the plan? Should she leave it where it is for X years in the hope that the markets pick up
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