Mutual societies are outperforming the larger, more well-known life offices when it comes to with-profits payouts, a survey by Investment, Life & Pensions Moneyfacts has revealed.
The analysis examined the latest with-profits bond, full cost endowment and with-profits pension returns over various periods. It found that mutual societies are rewarding their members with payouts by up to as much as 26% more than those delivered by plcs. In terms of the average full cost endowment payout the mutual societies outperformed their plc counterparts over all the terms surveyed (10, 15, 20 and 25 years).
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