Kennichol's Review of Scottish Widows Versatile Endowment Plan
18th Sep 2007
Overall Rating
- Value for money
- Cusomer Service
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.
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Members' Comments onKennichol's Review
Clair
on 20th Sep 2007
| Lender | Account | Description | Interest | AER | Overdraft | Overdraft Rate | Overdraft Limit |
 | Direct ISA | Save from just £1 to receive 2.00 AER (variable) tax free. | Annually | 2.00% | N/A |  | |
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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.