How does the Shrewd Savings Plan ISA work?
Every policy anniversary, or thereabouts, you will receive a statement which will show you the value of your policy and tell you about its performance. The value of your policy at any time depends on the number of units you have in the Fund and their price. For the With-Profits Fund, the value of your investment may be reduced to reflect market conditions on full or partial withdrawal, at any time other than on the policyholder’s death. This reduction is called a Market Value Reduction (MVR). This could reduce the value of your initial investment and is most likely to happen following a large or prolonged fall in the stock market, or after a period where investment returns are regularly below the level we normally expect.
Related Questions
- Does the change in the AEP Retirement Savings Plan service provider apply to the non-qualified plans, including the supplemental savings plan and the deferred income plan?
- Can I use an NFU Mutual Shrewd Savings Plan ISA to accept a transfer from another provider?
- What sort of ISA is the NFU Mutual Shrewd Savings Plan ISA?
