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News Release - Wesleyan delivers 6.6% growth for With Profits Investors

News Release - Wesleyan delivers 6.6% growth for With Profits Investors

Wesleyan, the specialist financial mutual for doctors, dentists, teachers and lawyers, defied the 2018 market downturn by delivering a gross annual increase to pay-outs of 6.6%1 to customers invested in its flagship With Profits Fund.

Wesleyan investors received this return, expected to be market-leading, principally because of smoothing - a key feature of with profits investments. The With Profits Fund itself showed a small negative return, in line with industry trends, due to the volatility of the stockmarkets.

Robert Vaudry, Chief Investment Officer at Wesleyan, explained: "Pay-outs from Wesleyan's With Profits Fund have significantly outperformed both equity and bond markets in 2018.

"One of the key benefits of the With Profits Fund is that we are able to smooth the return for investors, which long-term investors can find attractive, especially when markets are as volatile as they have been.

By holding back some of the potential returns when markets outperform, a with profits fund with a financially strong provider can provide a higher return for investors even during a protracted downturn."

£10,000 invested in Wesleyan With Profits ISA five years ago would now be worth £13,7412. The same amount invested in a typical managed fund3 would be worth £12,382.

DISCLAIMER: Past performance of investments is not an indication of future performance and the value of any investments can go down as well as up, meaning you could get back less than you put in.

Anyone considering making any investments should talk to a financial adviser before making any decisions.

1. This represents the change in cash-in value based on growth in investment from 1 January to 31 December 2018

2. Growth after initial and ongoing product charges

3. As measured by the average return on the ABI UK Mixed investments 40-85% Shares sector, after initial and ongoing product charges

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'WESLEYAN’ is a trading name of the Wesleyan Group of companies.

Wesleyan Assurance Society and Wesleyan Bank Ltd are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Wesleyan Financial Services Ltd, Wesleyan Unit Trust Managers Ltd, Practice Plan Ltd and DPAS Ltd are authorised and regulated by the Financial Conduct Authority.  Advice about investments, insurance and mortgages is provided by Wesleyan Financial Services Ltd.

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