Stock Markets Soar, Endowment Returns Tumble

That is very similar to the returns generated by an equivalent mixed-asset, non-with-profits fund over the same period (see below). Stephen Womack of chartered financial planners David Williams has studied with-profits returns over many years. He said investors should treat every plan on its merits. He said some older plans had guarantees and other features attached to them that could be lost. For the original version including any supplementary images or video, visit