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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