With-profits endowments: Going out of style

    With-profits endowments: Going out of style

    Investors were once wooed by the promise of a long–term investment with seemingly inevitable healthy annual bonuses, as well as a terminal bonus at maturity. On top of this, with-profits funds offered security of diversification and were invested in a spread of asset classes, such as property, fixed income, and UK and overseas equities.

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