"The best performing pension could produce more than three times more pension income than the worst performing one. The really bad news is that your pension fund is more likely to be amongst the bad than the good" The Observer
Equitable Life almost went bust. It fought tooth and nail to prevent policyholders benefiting from promises made by the company many years earlier. NPI
NPI, Pearl and London Life (all part of AMP) only retained policyholders by imposing such high penalties on transfers-out to ‘bribe’ people to stay in poor-performing policies with high charges.
Many other companies followed suit but, at the end of all this, the question arises: “do I cut and run or stay and pray”?