| A UK savings plan, often an endowment linked to a mortgage, that is sold as low risk because the money is invested in a mix of shares, property and bonds. Each year, the insurance company running the plan announces a bonus that is added to the policy and cannot be taken away. There is normally a terminal bonus when the plan matures. The bonuses are based on the performance of the companys investments, and are intended to smooth out the ups and downs of the stock market, because the company holds back money in good years to boost poor returns in bad years.
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