Each year I do a personal pension (stakeholder or similar) of £2808
I try to pick a good performing mutual as there's always a windfall
chance, but most important is to pick a good performer.
One of the best performers has been Liverpool Victoria - BUT it is a
"terminal with profits" type, as opposed to a typical "managed" type
with a clear, stated yearly performance.
I hear all this "bad stuff" about "with profits". I am a bit sceptical
if I can't see a true performance each year. I think WP providers
should be more open about how they really performed. Why don't they?
Would it be advisable to steer clear of WP, even though Liverpool
Victoria seems to have done very well.
- posted 14 years ago