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with profits bond
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He said Wesleyan didn't allow IFA s access to their funds and that they were a mutual so all profits went to investors,( less salaries of course!) hence better returns.
That's what the Equitable salesmen used to say
Funny how these mutuals never mention that all the losses go to investors as well, as there are no shareholders.
Not that I think Wesleyan is about to fall over, but it's always a risk factor with a mutual, though one that is never mentioned.Trying to keep it simple...
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RE Scot Equit WPB: still has 6% MVR, so I guess I would lose if I took it out now.0
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Have you made all the yearly withdrawals (usually 5% of total invested) you are allowed under the bond? They are MVR free. If you haven't used them, you should be able to take out 7 years worth all at once now.Then you could leave the rest of the money until it matures and you can get it out MVR free.
Makes a start at least.Trying to keep it simple...0 -
Thanks. I'll look into it!0
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