Standard Life Versatile Saving Plans

smilershaw

Hi

I wonder if anyone has any thoughts about 2 Standard Life saving plans I have, they have both been in for 10 years in September this year (one matures in 2014 and one in 2019). I had them as some additional life cover on my own life and as a way of saving a bit for the kids. The problem is I am not sure if it worth keeping them going as even after 10 years they are barely showing the money I have paid in, I was wondering if I should cash them in and invest them in another way for the kids or are they the sort where all the bonuses come in the last few years. I cant find any documentation to say this is the case or am I just getting confused with endownment policies. The paper work I have just has some illustrations each year based on a low, intermediate and high growth.

If i were to cash them in where would I be best putting them, it would be 2 lots of £3000 and I could keep one locked away for just over 3 years and the other for 11 years!!

Any thoughts gratefully received as really dont know which way to go

weaver33

Hi smilershaw, I'm in the same boat myself.

I've been saving £50 per month for the last 10 years and was really disappointed to be offered less than £6000.

I understand that the bulk fees were recouped, but I would have made so much more if I had simply paid into a monthly savings bank account.

The thing is now, does it mean that some significant bonuses will be added for the next 10 years that will be relatively unhindered by fees? Will the final bonus after 20 years be impressive?

If any members here have kept a with profits savings plan like this to maturity, please tell us...was it worth it?

So smilershaw...what have you decided to do?