Stuck in a "Zombie Fund"?
Welcome
to Financial Elite's free IFA service. We'll help you get the
right independent advice on Zombie funds on your pension or investment,
and help you decide whether you should stay or go:
Please note: We
are not a pension company, and we cannot give you specific information about
your policy. We offer an advisory service (see below). For specific
enquiries about policies, call your pension / investment /
endowment company's customer services.
There
is much written in the press nowadays about so-called Zombie funds". For
example:
"Holders of more than 300,000 pension,
life and savings policies controlled by giant French-owned insurer Axa Sun Life have just found out their money is stuck in a 'zombie
fund'.
Axa Life
has closed the £7billion Sun Life Assurance Society (SLAS)
with-profits fund to new investors.
While Axa
claims the change will not affect policyholders, the experience of
others with more than £110million invested in zombie funds suggests
it might well hit their savings." - Daily Mail, Sept. 2, 2009
Why?
The argument (and there is strong evidence to support) it is that when a
fund becomes closed to new business, there is little incentive to manage
it for best returns. According to the Daily Mail's research, "Zombie"
with-profits funds have tended to produce just HALF the returns of their
stronger, "open for business" counterparts.
If you
are affected by this it's time you sought some good, independent advice. We offer a FREE service matching you with a fully
qualified Independent Financial Adviser ("IFA") who has the
right pensions or investments qualifications and experience for your needs, and is
local to your home or work. He (or she) can help you through the pensions
and investments maze
calmly and with clear explanation.
An initial
discussion will be free of charge or obligation. Frequently, a simple
review of your pensions situation, with basic guidance
on your options, will also be available at no cost - ask the adviser
(this would not apply to a detailed review or complicated situations). Just complete the
simple form on the right of this page and we will recommend
the right IFA to you, who will contact you same or next working day to
discuss your case.
To
take advantage of this offer to evaluate your current pension position,
just complete the form on the right of this page!
Financial
Elite Limited is not a firm of financial advisers, We do however have
extensive experience in the fields of financial services and client
relationship management, and have the expertise to assist you in finding the right IFA so
that you
receive high quality advice specific to your needs. Just complete
the form and we'll do the rest.
Financial Elite Limited- 2010
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