Scottish Widows Endowment Shortfall Options

rosegirl36

The policy is not on this list, i have been on the Scottish Widows website and entered my policy number and it comes up"Your policy has been assigned to a third party or has noted interest" The policy is called Scottish Widows flexible home plan

vectistim

The policy won't be on that list, your policy is a wrapper that will be investing in one or more of those funds.
The policy has been assigned bit means that (hopefully IF, but perhaps a previous lender) have their interest noted on the policy so that they get first dibs on the funds on maturity or death and you'd need their permission to surrender.
There doesn't appear to be any useful literature on the SW website, but in your annual statements that provide the current value and the projections is there any indication of what the current value is made up of?

rosegirl36

On the yearly statement it simply says Fund Mixed, cant find any other information

vectistim

If you go back to that webpage with the list of funds Mixed is at the bottom of the first batch of them, so you can keep an eye on what its doing more often than the annual statements. There is a link there to the quarterly fund report
http://factsheets.financialexpress.net/scow/AMX.pdf

If you look at that you can see what the fund has been doing, as with most funds that invest mostly in stock markets there has been a lot of volatility. In particular you can see what its done over the last five years in a graph and it compares it with the sector average, for the last five years it has been above average for the sector, and of course there is the usual disclaimer that past performance is no guide to the future (but all else being equal track record has to be of some worth).

rosegirl36

Thanks so much for your help, i will keep a close eye on this fund for the next few months