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Pension payouts fall 45% in five years for with profits savers
16/12/2011
Over the past ten years it has been identified that several with-profits policies have failed to perform at the high level anticipated by insurance companies. Lower returns have been received by individuals that have taken out these policies.
Funds have been forced to switch from speculating on the stock market to less risky investments, such as bond and cash, to ensure that returns are as high as they can be. There have also been processes introduced to stop investors from leaving their policies; bonuses have been cut and exit penalties have been applied.
Payouts have fallen by 45% over the last five years; pensioners who had invested in these policies and seen them mature five year ago, received 45% more return on their investment than is currently being experienced.
Homeowners aged over 55 years who are concerned about the level of their pension and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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