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Legal & General Performance Bond.
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caveat_emptor
Posts: 765 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
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