Mis-sold CIS endowment life assurance policy

Crag30

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3 years into it, instead of making the original projected figure of £32000, going by the mid percentage it was projected to achieve £132,000, and it went downhill from there.
”That is quite normal. The regulator lowered the projection rates on statements (they have done the same recently on pensions). They are artificial and do not reflect reality. Indeed, many people are now finding their endowments are paying a fair bit more than the projected figures.

e.g. if your endowment had a target growth rate of 6% pa. to hit target and the mid rate projection on the statement was 6%, it would show it hitting target. If the statement projection dropped to 3%, then it would show a shortfall. However, the fund could still be returning 6% p.a

Thank you. I was aware of this. It felt a bit of a gamble not to cash it in. With all the red letters I've had in the past I'm not expecting it to make the £32000 but think it'll be better than I had expected a few years ago