| Value for Money | 1.7/10  |
|---|---|
| Overall rating | 4/10 |
Full review by
DMONKMAN
on 15th Jan 2008
User Rating : 1
Respect :
0
Good Points: At least your money is safe.
Bad Points: I had a poor return over the last 9 years.
General comments: Norwich Union Pension - A £20,000 lump sum invested in March 1999 has only grown to £30168 in 9 years - that's an average increase of only 4.7% a year and includes a final bonus of £900. Being self employed, I have a number of other policies (thank Goodness), but this return from a Norwich Union with profits plan is pathetic when compared to some other providers (for example the Pru).
DMONKMAN's review and ratings | 80 words
Review by
Guest.
on 15th Jan 2008
User Rating : 1
Respect :
0
I agree with the first review. Given the regular inputs, and the fact that on most of those contributions 40% tax was added, its amazing that in 07-08, the net increase on a 25k plan value was £150. Stick your money in property not pensions.
Guest.'s full review | 52 words
Review by
AWG
on 27th Nov 2003
User Rating : 10
Respect :
+5
Ok, been self employed since 1976. In 1988 took Accountant's advice (before new FSA regulations came in) to open a Private Pension. My wife did the same in the mid-90s with Scottish Amicable. Now we are just small self-employed people and between us saved a couple of hundred pounds or so a month towards retirement. In early 2003 we realised that our Pension Funds were not making anything, because of low interest rates (when I first started with the Norwich it gave an 'assumed growth' of 14% or t ...
AWG's full review | 422 words | 5 comments added.
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