Follow this topicFollow this topic Q&A » Retirement

Keep the money in the With Profits Plan?

kirsteen0603
by kirsteen0603 11 March 2009  |  Comments 3 comments  |  Love Love  0 loves

Can anyone help? my parents have got a with profits plan with Aviva that is due to finish in 10 months. It was originally supposed to provide a fund of 70k but now is a little over 50. My dad has also been told that the maturity bonus is £1800, not the 10k that was suggested last year. He needs a good fund and is terrified of losing anymore, hes also been told that the growth of the fund is likely to be 0 or minus figures over the next year so is thinking of taking the hit and surrendering. does anyone have anymore information on these or any thoughts on what he should do?

Thanks.

Report

Enjoyed this? Show it some love

Twitter
General

Comments (3)

  • CaptainFlak
    Love rating 23
    CaptainFlak posted

    I'm not an expert and so cannot advise you on surrendering or not, but please check the paperwork asociated with the plan to see if there are any guarantees of returns if the plan is kept for a stated term such as 10 years.

    Posted on 11 March 2009 | Love Love  0 loves Report
  • MikeGG1
    Love rating 824
    MikeGG1 posted

    Yes, check for guarantees.

    Also, there are no marhet value adjustments when held to full term and no final bonuses if not held full term, so keep on to the end.

    Posted on 12 March 2009 | Love Love  0 loves Report
  • Nosht
    Love rating 0
    Nosht posted

    Yes, the terminal bonus should help improve the final total.

    Regards,

    N.

    Posted on 12 March 2009 | Love Love  0 loves Report

Post an answer

Sign in or register to post an answer.

Something you're dying to ask... or answer?

Register with lovemoney.com to start asking and answering questions on Q&A.

Get started now

Sign in for a better Q&A

Registered already? Great! You can just sign in to ask and answer questions.

Sign in
W3C  Thank you for using Lock, Stock and Two Smoking Barrels