federbanger
Registered User
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I am wondering how do these products work as I was thinking of investing in one. I assume that like most investments products the company in question just puts the money it into the standard big companies and lets them go up or down as they do but returns the dividend that they get to you.
One of the main reason that I asking this question is that I read that Caledonian Life has taken 100 million for it with-profits bond which mean it must be somewhat of a successful product. They say they give out an annual bonus of 3.5% at the moment but don't say where it comes from. It also offers additional bonus should the fund performance be higher than expected.
One of the main reason that I asking this question is that I read that Caledonian Life has taken 100 million for it with-profits bond which mean it must be somewhat of a successful product. They say they give out an annual bonus of 3.5% at the moment but don't say where it comes from. It also offers additional bonus should the fund performance be higher than expected.