From: Daytona 
Newsgroups: uk.finance
Subject: Re: Liverpool Victoria in serious trouble
Date: Mon, 17 Jul 2006 19:32:58 +0100

On Sun, 16 Jul 2006 18:44:54 +0100, John Boyle
 wrote:

>In message , Daytona 
> writes

>>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 :

It doesn't explain why 1.5% is considered reasonable. This given the
long run equity growth of 8%. Does the annual bonus get stuffed in
gilts or something ?

Daytona