From: "Doug Ramage" 
Newsgroups: uk.finance uk.legal
Subject: Re: Endowment Shortfall - New questions (2)
Date: Mon, 9 Feb 2004 16:06:33 -0000


"Tim"  wrote in message
news:c086ef$8jb$1@hercules.btinternet.com...
>  wrote
> >  The main reason why I took out a "with-profits"
> > endowment policy because I was told it was
> > __not__ dependent on the stockmarket.
>
> That's rubbish - of course it's dependent on the stockmarket.  How could
it
> not be?  Did you think the insurance company invested your money directly
> into actual antiques / fine art / gold bars  **only** ??!!   :-(
>
>
>

I assume this was a reference to the "smoothing" effects of WP policies? Of
course, this can be negated somewhat by the insurance company paying out too
much bonus to influence the league tables?
--
Doug Ramage