Investment broker Torquil Clark has published a free and independent guide detailing the virtues ...
Investment broker Torquil Clark has published a free and independent guide detailing the virtues and pitfalls of with profit funds.
The publication aims to tackle what it calls "some of the unfair criticisms" directed at the investment product by the Consumers Association following the Equitable Life debacle.
Torquil Clark - in response to the increasing calls for improved clarity - has issued 'With Profits Bonds - The Real Story.'
The booklet attempts to "provide consumers with the first balanced view of With Profits - cutting through the life companies marketing hype and tackling some of the unfair criticisms from the likes of the Consumers Association".
Sections look at transparency - costs and charges; bonuses; what a with profits investment actually is and whether they really are low risk.
The guide also reviews the performance of with profit providers Friends Provident, Liverpool & AMP, Victoria, CGNU, Prudential and Standard Life.
Torquil Clark managing director Don Clark said: "It is stunning that £320bn have gone into with profit bonds over the years, and still we don't really understand them. No wonder critics have had a field day with concerns over the Equitable Life black hole and orphan assets. But some of the criticisms of with profits are unfair. They can be suitable for certain investors. However our guide is not designed to extol their virtues, but to tell it as it is."
For more information and details on how to get a guide contact www.tqonline.co.uk or phone 0800 413 186.
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