scottish widows versatile endowment plan review

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Review of Scottish Widows Versatile Endowment Plan

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By Kennichol on 18th Sep 2007

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Over the period 1997-2007 I invested £6000 in a Scottish Widows so-called Versatile Endowment Plan. It was a disaster, promising much but delivering little. This week I received a cheque for £6214, a miserable return over such an extended period. An identical policy I took out at the same time with Liverpool Victoria paid just under £8000. So, the message is, shop around, there are many much better companies around. I just hope anyone reading this will be able to avoid making the poor investment I did. I am just glad the amount involved was not any larger.

1 Comment on Review by Kennichol for Scottish Widows Versatile Endowment Plan

1. Clair on 20th Sep 2007

   I am sorry to here of your low return but isn't investing a risk. Lucky enough you did not put all your eggs in one basket and split your capital amount between to banks.

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