You are here: Home - Saving & Banking - News -

With-profits fail to meet savers’ great expectations

Written by:

Over half of with-profits savers are unhappy with the returns from their funds, according to investment firm Managing Partners Limited (MPL).

Moreover, almost a third of 2,500 savers into these vehicles are “very unhappy” at their returns, with “disappointment” the keynote to investor sentiment according to Jeremy Leach, managing director of MPL.

With-profits funds are supposed to smooth out returns by holding back money made in good years to make up for potential losses in bad ones. It has been argued that returns have beaten standard savings accounts but the stock market crash between 2000 and 2003 has put a large dent in many accounts.


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Floods ‘will top £2bn’ in biggest ever UK disaster

The catastrophic floods that have hit the south west Midlands and Thames Valley could cost the insurance industry over £2bn...