FP Endowment cash in or not

MTW_2

I would be grateful for some advice on this.

I have a Friends Provident endowment that is due to mature in one years time. I have no urgent need of the money and can happily wait another year.

The figures look a bit strange to me

Current surrender value 18,957.15

Minimum guaranteed sum at maturity 18,148.93

There follows the usual stuff about assumed growth at 4% or 5.5% etc.

At first sight it appears to me that the plan is going to be worth more this year than next (poor growth due to the economic situation etc) and there are also another 12 monthly payments to consider.

Am I missing something ??
Is there likely to be a terminal bonus not mentioned in my paperwork that will make the last 12 months worthwhile.

MTW_2

I really would be grateful for some advice if anyone has experience of this sort of thing.

Tks

ukcarper

MTW wrote: »

I would be grateful for some advice on this.

I have a Friends Provident endowment that is due to mature in one years time. I have no urgent need of the money and can happily wait another year.

The figures look a bit strange to me

Current surrender value 18,957.15

Minimum guaranteed sum at maturity 18,148.93

There follows the usual stuff about assumed growth at 4% or 5.5% etc.

At first sight it appears to me that the plan is going to be worth more this year than next (poor growth due to the economic situation etc) and there are also another 12 monthly payments to consider.

Am I missing something ??
Is there likely to be a terminal bonus not mentioned in my paperwork that will make the last 12 months worthwhile.

What are the assumed growth figures and there could be a terminal bonus have a look at this link http://www.friendsprovident.com/common/layouts/subSectionLayout.jhtml;jsessionid=JEUDJ0DBPQWPWCWCDYYCFGAKYIPDIIWA?pageId=fpcouk/SitePageHTML%3APress+Release+Display+Page+Rebranded+Media&repositoryItemId=fpcouk/pressreleases%3Afppr290110finalbonusrates&pageNum=1