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With profit endownments
ledge1
Posts: 2 Newbie
Hi have two Scottish Amacable with profits endownments one i pay £42.10 which started in 1993-2018 is meant to pay out £29000 and the other one £42.70 started in 2000-2016 and is meant to pay out £14000. Should i cash them in now as i hared with profits endownments are not very good. If i do that now i would get £13000 and £7222 they are both unit linked so cant sale them on ive been told and they are not for a morgage any more any help please.
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Comments
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Should i cash them in now as i hared with profits endownments are not very good.
The bad ones are bad. The good ones are good and many are inbetween. Anyone who classes them all as bad is giving duff info.
Old fashioned and largely obsolete yes. However, that does not make them all bad. Indeed, I came across a cracker last week. The fund itself is no good and the return is naff but the guarantees in place meant it could not be beaten.
What about considering other unit linked funds with them if you dont want the unitised WP fund?They are both unit linked so cant sale them onI am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Thanks very much will have to think about a bit more.0
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