Although yet again we repeat ourselves, with all the turmoil in the stock markets of the world, who would want the uncertaintity of cashing in ones retirement fund today? This is where Teps comes into their own. Take the good example from our current sales list of our reference 87788 a Prudential policy maturing 14 years hence in 2021. Come what may although the HO of Prudential might by that time be somewhere in China!!, we can be pretty certain their UK funds will still be kept under the eagle eye of the UK Regulators, so security of the fund is assured, but what we do not know for sure is how much it will be worth.
Based on present day bonus rates we calculate it will be in the region of £240,000 which after paying the premiums will show a good steady 6% growth rate, and provide a handsome lump sum at retirement without having to worry what is happening in the outside investment world.
SIPP fund managers are invited to contact us for a more detailed appraisal and/or construction of a Tep portfolio.