Why are German Fund Managers still keen on buying our discredited unloved "with profit" endowment policies?
Well to state the obvious with the euro almost one to one with the pound they can buy more for their money, but we suspect, there is still nothing like the old fashioned "with profit" fund to be a safe haven in a financial storm, and there is certainly a hurricane blowing out there. On top of that, some decent guarantees and returns are now appearing, and by that we mean if you take the guaranteed sum assured plus the guaranteed bonuses added to the policy, and then deduct future premiums from this combined figure this becomes your guaranteed minimum payout under the policy. Add to this a potential but not guaranteed terminal bonus, and you have a pretty good financial product aligned to a fixed maturity date.
Many of the policies FOR SALE on our website fall into this category, and are worth considering for inclusion in SIPPS, and Child Investment Plans.