We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Legal & General Performance Bond.
caveat_emptor
Posts: 766 Forumite
I had a recently matured L&G Performance Bond that as far as I could see, when I took it out 5 years, ago promised a 7%/annum income paid quarterly.
Recently I discovered that my return was only 6.8%. When I queried this with L&G they said that the return was only 7% if the quarterly income was re-invested. As the prospectus said that the income would be paid quarterly this seemed like a pretty feeble excuse not to pay the 7% promised.
Has anyone else either invested in this Bond or a view on L&Gs position.
Recently I discovered that my return was only 6.8%. When I queried this with L&G they said that the return was only 7% if the quarterly income was re-invested. As the prospectus said that the income would be paid quarterly this seemed like a pretty feeble excuse not to pay the 7% promised.
Has anyone else either invested in this Bond or a view on L&Gs position.
Named after my cat, picture coming shortly
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards