| Endowment performance
ENDOWMENT performance
matters. If performance is bad you may find that you will have a
shortfall on your mortgage. Here are the latest payout figures for
25-year with-profit endowments*. They relate to a 29-year-old non-smoking man
who paid in £20 a month for 25 years, with the policy
maturing in April 2003.
Some companies are missing from this table because they
refused to provide figures for Money Marketing's researchers, who
compiled the table, usually claiming that as they no longer sold these
policies the figures would be meaningless. This is true but unfair as
it means that people with their endowments have no way of making
comparisons.
| WITH-PROFITS ENDOWMENTS |
| Company |
Maturity value inc terminal bonus
|
Rank 1
|
Maturity value exc terminal bonus
|
Rank 2
|
|
| AMP
London Life (a) |
N/S
|
-
|
N/S
|
-
|
| AMP Pearl (b) |
24,467
|
14
|
13,839
|
18
|
| Britannic |
N/S
|
-
|
N/S
|
-
|
| Canada Life |
N/S
|
-
|
N/S
|
-
|
| Century
Life |
N/S
|
-
|
N/S
|
-
|
| CIS (c) |
26,150
|
12
|
12,330
|
22
|
| Clerical
Medical (d) |
26,690
|
11
|
15,982
|
7
|
| Clerical Medical (e) |
N/A
|
-
|
N/A
|
-
|
| Eagle
Star Life |
N/S
|
-
|
N/S
|
-
|
| Ecclesiastical |
30,370
|
7
|
15,818
|
8
|
| Equitable
Life |
N/S
|
-
|
N/S
|
-
|
| Family
Assurance |
N/S
|
-
|
N/S
|
-
|
| First State Investments |
N/S
|
-
|
N/S
|
-
|
| Friends
Prov |
24,400
|
15
|
15,762
|
9
|
| GE Life (h) |
N/S
|
-
|
N/S
|
-
|
| Guardian |
23,334
|
18
|
13,322
|
19
|
| Hearts of Oak |
N/S
|
-
|
N/S
|
-
|
| Ideal
Insurance |
N/S
|
-
|
N/S
|
-
|
| JP Morgan Asset Mgmt (i) |
N/S
|
-
|
N/S
|
-
|
| Legal
& General |
23,150
|
19
|
17,069
|
3
|
|
Life Ins
Corp of India |
N/S
|
-
|
N/S
|
-
|
| Lincoln |
N/S
|
-
|
N/S
|
-
|
| Liverpool Victoria |
37,176
|
2
|
14,178
|
16
|
| Lloyds
TSB |
N/S
|
-
|
N/S
|
-
|
| MGM Assurance |
N/S
|
-
|
N/S
|
-
|
| NFU
Mutual |
31,536
|
5
|
16,870
|
4
|
| Norwich Union |
27,529
|
10
|
16,485
|
6
|
| Prudential |
N/S
|
-
|
N/S
|
-
|
| RNPFN |
N/S
|
-
|
N/S
|
-
|
| Royal
& Sun |
N/S
|
-
|
N/S
|
-
|
| Royal Liver (f) |
24,850
|
13
|
13,237
|
20
|
| Royal
London |
34,710
|
3
|
16,609
|
5
|
| Scottish Amicable |
22,458
|
22
|
15,705
|
10
|
| Scottish
Equitable |
22,924
|
20
|
15,006
|
13
|
| Scottish Friendly |
N/S
|
-
|
N/S
|
-
|
| Scottish
Legal Life |
N/S
|
-
|
N/S
|
-
|
| Scottish Life |
28,313
|
9
|
15,020
|
12
|
| Scottish
Mutual |
22,911
|
21
|
14,063
|
17
|
| Scottish Provident |
N/S
|
-
|
N/S
|
-
|
| Scottish
Widows |
23,389
|
17
|
14,349
|
15
|
| Standard Life |
29,802
|
8
|
14,976
|
14
|
| Teachers
Provident |
23,981
|
16
|
15,341
|
11
|
| The Children's Mutual (g) |
32,853
|
4
|
17,548
|
1
|
| The
Red Rose Friendly Society |
37,743
|
1
|
13,015
|
21
|
| Tunstall |
N/S
|
-
|
N/S
|
-
|
| Wesleyan
Assurance |
30,812
|
6
|
17,340
|
2
|
| Winterthur Life |
N/S
|
-
|
N/S
|
-
|
| Figures are based on a single
life policy taken out by a non-smoking male age 29 years, 6 months
exact at inception for premiums of £20 a month for 25 years.
All maturity and surrender values are as at April 1, 2003. Rankings
based on level of maturity values. N/A - not applicable/available. N/S
- not supplied. |
| Notes: (a)
Formerly London Life (b) Formerly Pearl Assurance (c) Formerly Not sold
after August 2001 (d) Traditional with-profits (e) Unitised
with-profits (f) Surrender values are only permitted after two years'
premiums paid (g) formerly Tunbridge Wells Equitable (h) Figures
include national mutual (i) Formerly Save & Prosper |
Updated February 2004
|
|
