Should I stay or should I go?

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When with-profits funds were first widely promoted in the 1980s, they were sold by people who didn...

When with-profits funds were first widely promoted in the 1980s, they were sold by people who didn't understand what they were selling to people who didn't know what they were buying. The Ronseal message that 'it does exactly what it says on the tin' was used to convince punters if they bought a with-profits plan, not only would they enjoy huge risk-free payouts but they could also stop worrying about their investments, which were in the safe hands of good old Uncle Actuary. It was suggested to investors that not only would the magic with-profits plans pay off the mortgage, deliver an ...