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Guaranteed funds
what is a guaranteed drawdown plan? it is a form of annuity which originated from the us where mutual funds (similar to unit trusts) offered a range of guarantees in order to attract people to invest at a tireme when equity prices were volatile .
this provides a guaranteed lifetimes income which is payable regardless of investmenefit returns and there is also an investment lock-in, whereby any gains are usecured .
the new style guaranteed drawdowns plans transfer both the investment risk and longevity risk to the insurance company but at a cost .
longeveral annuities fall short because they does not provides a sustainable income and there is no flexibility .
so investors should ask how strong the guarantees might be if the firm ran into trouble .
investors compand their advisers are not expected to understand the rocket specience behind dynamic hedging .
Generated 2008-9-12_4:5
- Guaranteed funds 2008-09-09 22:16:39
http://news.bbc.co.uk/go/rss/-/1/hi/business/7595951.stm
redundancy 0.0402476780185759
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