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endowment making 111.07 %
duck_3
Posts: 48 Forumite
I have just received a letter from Scottish Widows saying that my endowment growth rate from may 17th 2006 to may 17th 2007 is 111.07%
Could anyone explain ???
Could anyone explain ???
0
Comments
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Are they including the previous value in that. ie. the current value is 111.07% of last years value?
Whilst they have some unit linked funds running in the 20% mark over the year they have nothing running at 111.07% as a rate of return.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 -
it doesnt state any previous value
apparently this growth is within the past year0 -
Is it a typo maybe? Do they mean 11.07%?0
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Am I right in thinking that the amount invested from the endowment has been returned @ 111.07% therefore giving a profit of only 11.07% e.g invested income is returned on top of the profit
Meaning that you receive back what they have invested as well as any profit made in the 111.07%?
On the letter received it only states that the endowment growth rate from may 17th 2006 to may 17th 2007 is 111.07%.
Sorry for this but I have just turned up to see the letter received from Scottish Widows and this is how I understand this.
Your help is greatly appreciated.0
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