From: John Boyle 
Newsgroups: uk.finance
Subject: Re: Liverpool Victoria in serious trouble
Date: Sun, 16 Jul 2006 18:44:54 +0100

In message , Daytona 
 writes
>On Sun, 16 Jul 2006 13:00:36 GMT, "Matt Robertson"
> wrote:
>
>>I'm sorry fella, but unless you've paid a significant amount into the fund
>>into it, 'your' fund value has not increased by 21.8% over the last year,
>>it's just not going to happen in the current climate, if ever.
>
>The FT All Share numbers are -
>
>6/4/5  2,483.84
>5/4/6  3085.93
>
>giving +24.2%, add dividends of ~3% gives ~27%.
>
>and the IPD index of commercial property gives a total return of ~20%
>
>http://www.ipdindex.co.uk/results/indices/indices.asp
>
>so you'd expect fund growth of 20-27%

But this is a 'With profits' fund and the 'fund growth' and the 'annual 
bonus' are quite different things (and in any event only 72% of the fund 
is in equities.)
>
>I have to confess to having little interest in these obscure
>investments, but why does the 'current climate' mean that this isn't
>being passed on ?

because it is a 'with profits' fund.

These should help :

http://www.wesleyan.co.uk/about/withprofitshowitworks_3321.html

http://www.wesleyan.co.uk/resources/GroupSites/PDFs/Annual%20Report%20and
%20Accounts%202005.pdf

-- 
John Boyle