The Endowment Diary

The Endowment Diary

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The Endowment Mis-selling Debacle - one of the UK's worst financial scandals

Thursday, January 27, 2011

A Surplus!

A Surplus!

Ian Cowie, of the Telegraph, writes about his Legal and General endowment policy:

"..my 25-year with-profits endowment matured last month and paid out 33pc more than the target value.

Since you ask, the maturity forecast was £45,000 but the actual payout was a bit above £60,000...
"

How nice for him!

My L&G policies both mature next year, and are forecast to make large losses.

How can there be such a difference between his L&G policy and mine, given that the maturity date is less than two years apart?

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