With Profits Transfers
How you do you approach reviewing with profits funds with a view to gauging if a transfer is suitable?
Currently we get the PPFM, bonus history etc.
We have a client for example whereby her transfer value is another 30k on top of the current value due to a final bonus (No MVRS applying) of course this is not guaranteed and the provider can remove this at their discretion (although I'm not sure under what circumstances they would remove the whole 30k)
Just trying to formulate whether it would be appropriate to move it, of course there are many factors involved but the fund we are looking at has declared annual bonus' of around 2% per annum for the last 10 years and the client is balanced
We have requested historic current and transfer values for the last 5 years to ascertain some sort of total growth each year, i.e current value growth and proposed transfer value growth.
Any thoughts/someone to bounce ideas off would be great... we also charge a fixed fee for this service so whether a transfer occurs or not we are not trying to transfer just for the sake of it, genuinely would like to do the right thing for the client