Long-Term Investments

n2mike

My parents told me about a "With Profits Insurance Policy" of theirs that has recently matured and they advised me to start one up myself but these seem to be quite hard to come by.

I am looking to save £100 a month over a long term, roughly 15 years or so.

Unfortunately I am having trouble finding a plan that lets me contribute to it during the term or one that doesn't have a £5000 minimum.

Does anyone know of a product out here that would suit me?

dunstonh

My parents told me about a "With Profits Insurance Policy" of theirs that has recently matured and they advised me to start one up myself but these seem to be quite hard to come by.

They are mainly obsolete nowadays as a fund choice. There are probably only two providers left which offer a viable solution and given its niche nature nowadays (regarding suitability) there are probably better options.

I am looking to save £100 a month over a long term, roughly 15 years or so.

Stocks & shares ISA with most providers should be fine at £100pm.

Unfortunately I am having trouble finding a plan that lets me contribute to it during the term or one that doesn't have a £5000 minimum.

Most have a £1000 minimum on single contributions or £50-£100pm on regular. As you are not making a single contribution, you dont have to worry about the single contribution minimum. Just the regular contribution minimum.

jimjames

For flexibility and being able to start/stop when you want an ISA has to be the way to go. The With Profits will be far less flexible and commit you to high charges and long term payments to get a return.