+each time i look for answers i find the i should have been advised of the short fall by a "red letter".Does that really mean the letter should have been in red ink or is it some trumped up word .
2006-11-17 06:59:50 · 2 answers · asked by scrapper 1 in Business & Finance ➔ Personal Finance
There are three letters and they are like traffic lights as they let you know how well your endowment is doing. You have a set mortgage figure of say £50,000 and red means the endowment is projected to miss the target by a good way. Green means it looks OK. Amber is sort of uncertain. This doesn't mean the projections are correct as they make certain assumptions re growth rates. For the past few years, growth rates have been greater than the rate which all insurance societies have to use in their projections under FSA rules so things have been improving for endowment holders.
2006-11-17 08:30:18 · answer #1 · answered by Anonymous · 0⤊ 0⤋
you should get a letter saying URGENT ATTENTION NEEDED. if in doubt contact the endowment company
2006-11-17 07:03:29 · answer #2 · answered by ginger 6 · 0⤊ 0⤋