17.2 Investment Scenario 2 - Redress Manager 2023

Redress Manager 2023
Investment Scenario 2

Attitude to risk - monthly investment

Mr J McElderry

2B Phantom Close

Leamington Spa

CV9 2GW

20^TH June 2013

Dear Sir / Madam,

In May 2002, following advice from my advisor, I decided to invest a regular amount each month into a savings plan with Company x. At the time of purchase I was 20 and hoping to put aside into an investment, enough money to put a deposit on a house.

I was led to believe that my money was being invested into a low risk fund and that I would receive on payout the amount on my illustration, provided by Company X. However recently I received a statement showing quite poor returns, and after speaking to the company I have been informed that my investment was actually placed in a high risk fund which did not match my risk profile.

My details are as below:

£35 per month starting on 5^th May 2002

Fund cashed in on 19^th January 2009, value £1,630

Yours faithfully

J McElderry

Please note: In this scenario we have selected a split of 75% WMA stock market income total return, 25% BOE fixed rate