According to a recent survey by Prudential, investors have moved around £24bn out of with profits investments.
Prudential warned that the £24bn was since 1998, meaning that many investors have transferred or cashed in their investments during falling or low stock markets.
Our View
There has been so much speculation surrounding with profits investments, especially with the majority of endowment shortfalls being blamed on poor with profits performance.
Investors need to be careful of penalties when transferring or cashing in and also of charges on any new investment.
The best advice we can give is to take advice. If someone is offering you a deal that looks too good to be true, then it probably is. Other people investing your money is never done for free.
With profits investing is not right for everyone but it is for some. You need advice to see if it is suitable for you.