With-profits suffer as unit-linked policies grow across most sectors
With-profits policyholders with Equitable Life have suffered large falls in the value of their investments but those with unit-linked policies saw outperformance in their funds across most sectors, according to David Marchant, head of global funds at Clerical Medical. The £1.1bn Equitable Managed fund was ranked 14 out of 83 pension funds with a drop in value of 9.5% against a median fall of 11.9% according to Caps figures to 31 December 2001. The fund was top quartile in each quarter of last year except the fourth and this strong performance continues a long-term trend with the fund ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes