We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Reclaiming from Prudential
moj1966
Posts: 198 Forumite
just received a letter from the pru offering £1,028.58 on a £7,000 shortfall on a endowment for £29,500 that is due to pay out in 2014 does this seem like a good deal ?
never done anything like this before and am well chuffed that I have even got this far looking for bit of advice
thanks
Monique
never done anything like this before and am well chuffed that I have even got this far looking for bit of advice
thanks
Monique
0
Comments
-
You have dont have a shortfall of £7,000. You have projections that indicate a shortfall if certain growth rates are achieved and zero terminal bonus is payable. That currently is not the case and real position is likely (although not guaranteed) to be a lot better than that. Currently Pru have a 100% record on hitting target and the average surplus in 2006 was £3300 which was £1100 higher than the 2005 average surplus.
The redress method is calculated using a defined process and unless you have reason to believe the figures input are wrong, then the outcome should be correct.I 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 -
Just wanted to check as I said I have no expereience of what I should be looking for
Thankyou for you advice0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards