Friendly Financials
The Society's accounts will be available in early April which will show that we had a successful year in 2009. In the meantime, we would draw your attention to the following:
Your Board places a continuing emphasis on financial strength, as we believe this helps our members to feel confident in saving with us in these uncertain economic conditions. We look to spread our investments both widely and wisely. We increased our exposure to commercial property at the end of 2009, using a number of unit trusts – all of which went to an early profit. The star performers in 2009 were UK Equities and Corporate Bonds.
Our strong performance, aligned with the Board’s decision to enhance pay-outs, has served to increase the returns to our members. These are listed on our website under ‘With Profits/Past Performance’. As an example, a lump sum invested 10 years ago has grown by 75%. If it had been placed in an ISA, the growth increases to 83%.
- New lump sums invested with us exceeded £2.3 million, over 40% up on 2008 – beating all previous years.
- Our assets produced a total investment return of over 10%.
- Our funds increased from £78 million to £84 million
Your Board places a continuing emphasis on financial strength, as we believe this helps our members to feel confident in saving with us in these uncertain economic conditions. We look to spread our investments both widely and wisely. We increased our exposure to commercial property at the end of 2009, using a number of unit trusts – all of which went to an early profit. The star performers in 2009 were UK Equities and Corporate Bonds.Our strong performance, aligned with the Board’s decision to enhance pay-outs, has served to increase the returns to our members. These are listed on our website under ‘With Profits/Past Performance’. As an example, a lump sum invested 10 years ago has grown by 75%. If it had been placed in an ISA, the growth increases to 83%.
Labels: Spring2010
posted by The Friendly Society at
23:00
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