Standard Life With Profits - 4% Guarantee Growth Rate
Morning all, does anyone know how the 4% guarantee growth rate works within the SL With Profits Fund - cannot seem to get my head around it....does it operate like this:
Plan Value at start of year £100K
Plan Value at end of year - £103K (3% Growth)
Therefore missing out on 1K - do they add units or the final bonus to reflect 1K missing growth?