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Prudential with profits:
srcandas
Posts: 1,241 Forumite
I quote:
"2011 was another good year for our with profits Fund, which builds on the strong returns achieved in 2010".
My pot 31/12/2009 Benefit £33,767.20 existing bonus £27,490.10 new declared bonus £382.38 Total = £61,639.68
My pot 31/12/2011 Benefit £33,767.20 existing bonus £28,258.46 new declared bonus £389.32 Total = £62,414.98
Paid in £1616
So a good couple of years amounts to a loss of £840.70
Am I glad they didn't have a bad couple of years :rotfl:
"2011 was another good year for our with profits Fund, which builds on the strong returns achieved in 2010".
My pot 31/12/2009 Benefit £33,767.20 existing bonus £27,490.10 new declared bonus £382.38 Total = £61,639.68
My pot 31/12/2011 Benefit £33,767.20 existing bonus £28,258.46 new declared bonus £389.32 Total = £62,414.98
Paid in £1616
So a good couple of years amounts to a loss of £840.70
Am I glad they didn't have a bad couple of years :rotfl:
I believe past performance is a good guide to future performance :beer:
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Comments
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!!!!!!_here wrote: »And tonight's lottery numbers please ?
I can only guarantee that they are all greater than the number of financial experts employed by the Pru
Sorry due to a tipo I had halved the loss - now correct :j
Can I sue my career adviser from school? He failed to tell me you could work for the Pru. When you took days off results got better. You got a big salary. And no matter how much you screwed up no one gives a t*ss :cool:I believe past performance is a good guide to future performance :beer:0 -
YOu dont appear to be including the final bonus accrued in that periodI 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
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YOu dont appear to be including the final bonus accrued in that period
Now brace yourself Dunston, I had to:
It was quoted as high as £10000 within the last 2 years but incredible now I have mentioned buying an Annuity it seems to have shrunk to £5000.
As My Farage would say "You couldn't make it up"
Of course they recently sent me an estimate of the final amount £68000. When I called and said the documents referred on some pages to both my polices and on others to one they said they didn't know but could look it up on their computers. Then they comfirmed they couldn't (which happened when I asked for the previous valuation). So now I wait 6 days.
Well to be fair 6 days is nothing when you think I have only just received the 31/12/11 valuation.
Now if I was suspicious I could think a sudden withdrawal of computer facilities and my crystalisation being close and an unexplained massive drop in value might be connected
I believe past performance is a good guide to future performance :beer:0 -
So is now a good time to ask you all what you think of the Pru With Profits fund? :eek:
Actually I'm not joking. My friend in the Pru ex-Scottish Amicable fund (4% guaranteed fund growth) has to decide now whether to sign up for another 3 years or take the money (45% terminal bonus, not guaranteed) and run.
What do you think?0 -
So is now a good time to ask you all what you think of the Pru With Profits fund? :eek:
Actually I'm not joking. My friend in the Pru ex-Scottish Amicable fund (4% guaranteed fund growth) has to decide now whether to sign up for another 3 years or take the money (45% terminal bonus, not guaranteed) and run.
What do you think?
Well let me think a while ............................ RUN. Luckily this is not my only pension and not my biggest (well with such massive losses how could it be!!!).
If the valuations get lower the minute exit is mentioned please do let me know. :beer:I believe past performance is a good guide to future performance :beer:0 -
Do you have a GAR on this policy? Don't think they'll be keen to pay you any final bonus if you do.It was quoted as high as £10000 within the last 2 years but incredible now I have mentioned buying an Annuity it seems to have shrunk to £5000.
The one I mentioned does not have a GAR, so leave or transfer are the options.Actually I'm not joking. My friend in the Pru ex-Scottish Amicable fund (4% guaranteed fund growth) has to decide now whether to sign up for another 3 years or take the money (45% terminal bonus, not guaranteed) and run.
What do you think?0 -
Do you have a GAR on this policy? .
GAR: (noun) members of the Lepisosteidae, a family including seven living species of fish in two genera that inhabit fresh, brackish, and occasionally marine, waters of eastern North America.?
For the love of Riley cut the JARGON!
Guaranteed Annuity Rate0 -
It is the way With Profits funds work.
You were guaranteed £33,767.20 on maturity (provided premiums continued to be paid) as soon as you paid your first premium (which I would guess is £200 pre-tax). That is not simply given to you - the premiums you pay will build the pot up. The bonuses are, in effect, the amount of growth over and above that needed to build up the £33,767.20.0 -
magpiecottage wrote: »It is the way With Profits funds work.
You were guaranteed £33,767.20 on maturity (provided premiums continued to be paid) as soon as you paid your first premium (which I would guess is £200 pre-tax). That is not simply given to you - the premiums you pay will build the pot up. The bonuses are, in effect, the amount of growth over and above that needed to build up the £33,767.20.
Ah I see. So you are saying it is designed to report good growth early on and then that in the years before retirement it should lose value as they recover the cost of the guarantee?
And that if I let it run after I am 60 it will start to grow in value or will it simply continue to lose value?I believe past performance is a good guide to future performance :beer:0
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