Looking good once again

The once popular with-profits fund has had a rough few years, as the sustained bear market of 2000-2...

The once popular with-profits fund has had a rough few years, as the sustained bear market of 2000-2003 dragged down bonuses and providers introduced high exit fees in the way of market value reductions. This was just one element of the bad news that surrounded the product, as its reputation was damaged further by Equitable Life and shortfalls in endowment payouts. However, despite the bad publicity these vehicles have endured over the past five years, in reality with-profits funds performed better than was perceived and did better in the bear market in protecting investors from the drama...