After reporting a 14% return in 2004, due to a large holding in equities and property, the Wesleyan Assurance Society has removed all market value reductions from it's with profits fund. This 14.3% return, follows a 17.8% return from the with profits fund in 2003.
The surrender values and actual fund value must be very close, which is proof that they must have managed the fund well over the last couple of years.
Our view
At last, some good news on 'with profits' funds - well done Wesleyan!