Ned Cazalet
Ned Cazalet
business genuinely income premium provider recycled simply written
Fundamentally, there is very little genuinely new business about. Much of the new business written is simply premium income that has been recycled from one provider to another.
acting bin bonus closed danger family fund invested low mean poor proportion shares silver throwing
Even so, the danger of acting hastily is that you may end up accidentally throwing out the family silver in the bin liner. Even if you're in a closed with-profits fund with a low proportion invested in shares and very poor bonus rates, that does not necessarily mean you should get out of it.
numbers structure
What everyone will want to see is the numbers and the structure of the business.