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Endowment Policy Bonus's

icbard
icbard Posts: 1 Newbie
in Mortgages & endowments
Why is it so difficult to find out endowment policy annual terminal and other bonus rates. Is there no obligation to make this public. The only information appears to be random newspaper articles. (Clerical Medical of particular interest web site of no help.)

Comments

  • dunstonh
    dunstonh Posts: 120,000 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Why is it so difficult to find out endowment policy annual terminal and other bonus rates.

    Because they can change daily potentially.
    Is there no obligation to make this public.

    Data is published but it is typically snapshot on a given day and is out of date the minute it is released.

    Conventional With Profit funds were designed for a different era. They dont work like modern investments. Unitised With profits tend to be more in line with modern investments but by the time they became more popular, there were not many insurers left still transacting in those areas.
    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.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    dunstonh wrote: »
    Because they can change daily potentially.

    Aren't the majority now set once a year?
This discussion has been closed.
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