The Decision Making Process

Do you have a guarantee on your with-profits plan?

Helping You Understand Your With-Profits Plan

With-Profits Plan Your Questions Answered

Compensation For Mis-Sold With-Profit Plans

The starting point is where are you now? The Decision Making Process

Can you honestly answer the following questions about any bond you hold?

The name of the company
The bond name/series/number
The ongoing charge you pay for holding the bond
The current value
The current surrender value
The exit penalties
The MVR which is applying
The company’s MVR “policy”
Any guarantees which apply
The bonus history
The current bonus
Is the bonus “guaranteed?”
Future bonus “policy”
The underlying assets held by the company
Is the fund ring-fenced?
The tax payable within the bond.

Before you can make a decision about holding a with-profit bond into the future, you should answer every one of these questions, or find someone who can answer them. To get these answers all you need to do is provide one of our specialist local IFAs with a temporary authority, giving them the name of the company you hold the bond with and the policy number and they will get you the answers.

Nearly all of the above is factual, measurable information. The hardest part, once this information is collated, is to assess future prospects and performance.

Looking forward, an investor needs to address the question of what it is they want. This is the most basic of questions but possibly the most important. After all this is the point of the site: With-profit bonds do not give investors what they want.

Typically investors look for security, simplicity, tax-efficiency, income, and a good steady return.

There are many investments that fit these requirements other than with-profit bonds.

The information on this website is to be viewed as general information and does not constitute advice. Views and opinions expressed are those of the individual contributors. Individuals reading the site should not rely on any of the information contained within the site in making any decisions. DMP Financial cannot be held responsible for any liability suffered by any individual as a result of information contained within the site. In the event that advice or help is required then independent advice should be sought from a regulated independent adviser.