n Personal Finance Newsletter - New-generation endowments : life assurance

Volume 2006, Issue 305
  • ISSN :



Extracted from text ... Moneyweb's PERSONAL FINANCE LIFE ASSURANCE New-generation endowments The Pension Funds Adjudicator has raised a red flag concerning costs relating to endowments, and the industry has responded with some new products. But are they good investments? By JACKIE CAMERON THE year 2005 will go down as something of an annus horribilis for the life assurance industry. It was a year in which some of their notoriously opaque savings products were dissected and laid bare for consumers, largely by Pension Funds' Adjudicator Vuyani Ngalwana. There had been suspicions for some time that life companies have been helping themselves to huge chunks ..

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