worth persuing ?

barnaclebill

Hi all, going through old papers I found a slip from my old company's provident fund dated 1967, it states that I have a bond value £2 in the fund which is in the Scottish provident institution. My old company is long gone and I am unable to find the institution on the web, I would imagine even with 56 years of compound interest £2 would not have grown to a great amount so is it worth persuing?

Steve_666_

I think that depends on the interest rate.

2% would net approximately £6, 5% rises to £32, and 10% gives £528 !!!!

https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

dunstonh

I would imagine even with 56 years of compound interest £2 would not have grown to a great amount so is it worth persuing?

That assumes it wasn't cashed in long ago.    Phoenix would have data on plans that still have value but would have long destroyed data on plans that matured or were cashed in and would have nothing on plans cashed in/matured before they took over Scot Prov investment plans.