Friends 目的（とする）s to buck 傾向

By THIS IS MONEY
Updated: 00:00 BST, 21 April 2000

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Friends Provident is 申し込む／申し出ing another drink from the last chance saloon with its 最新の mortgage endowment 計画（する）.

These 計画（する）s, a mix of 貯金 and life 保証／確信, are under 解雇する／砲火／射撃. Three million people are 存在 told their endowments are ありそうもない to 支払う／賃金 off their mortgages.

Friends Provident 収容する／認めるs in its brochure: 'The endowment does not 保証（人） to 返す your mortgage at the end of the 称する，呼ぶ／期間／用語, and you would be responsibl e for any 不足（高）.'

Money is 投資するd in Friends Provident's with-利益（をあげる）s 基金 which 投資するs in a mixture of 株, 社債s, cash and 所有物／資産／財産. Returns from with-利益（をあげる）s 基金s have been 落ちるing recently. This year, Friends Provident's 25-year endowment payout has fallen by almost 4%. High 告発（する），告訴（する）／料金s are part of the problem, with a 大規模な 8.8% 存在 taken in 告発（する），告訴（する）／料金s 加える a £2 基準 料金 on every 正規の／正選手 支払い（額）. So if you saved £50 a month, £6.22 would go in 告発（する），告訴（する）／料金s leaving just £43.78 to be 投資するd.

The money is taken thus: every 月毎の 支払い（額） made has £2 taken out of it; a その上の 4% is taken by an 配分 率 which 支払う／賃金s 助言者s' （売買）手数料，委託（する）／委員会／権限; then a その上の 5% 告発（する），告訴（する）／料金 is made before the money is 現実に 投資するd.

Friends Provident （人命などを）奪う，主張するs there is no 年次の 告発（する），告訴（する）／料金. However, the 利益／興味 追加するd to 投資s each year will be made after expenses (告発（する），告訴（する）／料金s by another 指名する) have been taken out.

The result is poor 早期に cash-in values, and 顧客s won't get 支援する all the money they 投資するd if they take it 支援する within the first five years.

A 29-year-old man 支払う／賃金ing £167 a month into a 25-year 見解／翻訳／版 of this endowment would have paid in £10,029 after five years. But, if his money grew at 6% a year, the cash-in value would be only £9,920 - £109 いっそう少なく than he paid in.

The company can make a その上の 告発（する），告訴（する）／料金, a market value 調整 factor, so 早期に cash-in values could be 削減（する） その上の. As with all endowments, life 保証／確信 that will 支払う／賃金 off the mortgage on death starts すぐに. It also 含むs 批判的な illness cover.

No one 老年の over 50 can take out the 計画（する）, and 支払い（額）s have to stop at age 65.