Thread: FIT slashed
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Clive George Clive George is offline
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Default FIT slashed

On 02/11/2011 08:04, Roger Chapman wrote:

*Government's standard assessment procedure apparently but that is
little more than pie in the sky. Only with hindsight will it become
clear how big the margin is between optimistic prediction and cold hard
fact. By way of comparison the endowment I took out in the early 80s
with Government approved predictions was supposed to pay out just over
200% of the assured sum. In the event it paid out just under 100% on
maturity 20 years later.


I don't think the two are remotely comparable.