I made just £265 profit in 15 years

Daily Mail - - Money Mail -

MONEY MAIL has won an ex­tra £2,597 for Julie Schofield af­ter con­tact­ing Phoenix over her poor pay­outs

Julie started sav­ing for her daugh­ters Lau­ren and Jenna 15 years ago, when they were five and three years old.

She put £20 each a month into Bri­tan­nic with-prof­its poli­cies, hop­ing to re­ceive around £5,000 a pol­icy.

But Julie, 49, from Black­pool (pic­tured with stu­dent nurse Lau­ren, 21), was shocked when they ma­tured, in April and she got just £3,865 each. She says: ‘I am dis­ap­pointed. I paid in £3,600 into each pol­icy, mak­ing just £265 profit.’

Bri­tan­nic is now a closed fund and is part of the Phoenix Group. A spokesman says: ‘The orig­i­nal pol­icy pay­outs were cor­rect, but in this case, the poli­cies were not suit­able when sold.

‘ We are pleased to in­crease her pay­ments to £5,163.54 per pol­icy. We apol­o­gise for any in­con­ve­nience caused.’

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.