I have every sympathy with your correspondent Anthony Harper who mentioned the contrast between the Standard Life illustration and J Rothschild Assurance.
I have recently had reason to compare a pension transfer illustration from Rothschild which showed that a critical yield of 11.15 per cent was needed to match the scheme benefits.
Choosing Clerical Medical on the same commission scale gave a figure of 9.3 per cent. On examining the fund at various growth rates, it was vastly better with Clerical Medical.
Clearly, Rothschild's policies are expensive, quite apart from the performance aspect.
B G W Jamieson
Jamieson Financial Management,
Bognor Regis, West Sussex