Insurance Bond

gt568

dunstonh said:

I assumed that the date of the letter was the effective valuation date. 

Not a safe assumption. Most statements arriving in the last week or two are using early April as the valuation date.

I did not know that, I'll get her to check.

Albermarle

If the valuation date was a few weeks ag and it was only down 10% then this would not be something to worry about.
Investments go up and down all the time, but normally in the long term it is up overall. 

xylophone

what I understand to be an investment that is an "insurance bond" that her and my late dads lives were insured with. 

Which product exactly does your mother have?

She should have at least a "key facts" booklet - have you read it? Or can you find a copy on the internet?

https://www.pru.co.uk/investments/investment-articles/guide-to-investment-bonds/ may be worth a look.