£15k in Standard life.....stay or go??

ipri

An IFA.arranged a £15K with profits bond 2yrs ago.Its worth about the same now...also I want to dissociate myself from him...If I take it out I will lose any "Windfall" ...whenever that happens??So I want to leave it till then.Is there a "Minimum" period of time I need to leave it in for him to claim his comm.??


Can he reclaim any money from me if he feels he is losing out on St.Life comm.??

Ta ian

dunstonh

An IFA.arranged a £15K with profits bond 2yrs ago.Its worth about the same now

Seems to be a bit below what i would expect from a Standard Life WP bond after 2 years. Do remember that standard life charged a 5% initial charge to allow a no exit penalty.

If I take it out I will lose any "Windfall"

Almost certainly.

So I want to leave it till then.Is there a "Minimum" period of time I need to leave it in for him to claim his comm.??

Standard Life had no clawback on their bond. So time is irrelevent.

The standard life product is not that bad. You also have access to a range of very good funds on that product so if you feel the with profits fund isnt suitable for you, then investigate the other options within that product. After all, you have paid the initial charge. Taking it out now would just waste that charge.

Remember the product is one thing, the investment fund(s) chosen are another.