Scottish Life International not content with taking a convincing lead in a bet made with Richard Bran...
Scottish Life is convinced its five-year £6,000 bet that its Protected Bonus 95 fund will continue to outperform Virgin's Growth Pep will come up trumps in 2003.
To date Protected Bonus is leading by 2.97% recording a 13.69% return (£6,821.40) compared to Virgin Growth's 10.72% return (£6,643.20)
SLI spokesman Richard Jamieson said: "As we predicted in 1998, the FTSE All Share has shown a marked volatility, and we have been justified in our belief that the ideal way to invest in the stock market is through capital protected products. Recent weeks in particular have been terrible for trackers and especially Virgin, who has failed to outperform both active managers and capital protected products."
The winner of the bet will donate the £6,000 plus whatever return is made to charity in two years from now.
The forces at play in investment - most obviously, regulatory change, uncertain markets and shifting demographics - are as strong today as they were when Professional Adviser launched its sister magazine Multi-Asset Review in 2017.
Regulator has visited some firms already
Platforms react to Fidelity blocking Income Focus purchases
Chris Hill's letter to Treasury
Cash balance surges