Engage with profits strong investment performance

After a year of volatile investment performance in the marketplace, Engage Mutual is pleased to announce good returns for With Profits customers in its April bonus declaration.

Maturity values for ten-year plans, held by Engage customers, are once again above the average payout of offices featured in the April 2008 Money Management With Profits survey.

In 2008 Engage will work with external fund managers, Insight Investment, in order to take a more active investment approach. This will have the dual aim of delivering even better returns at no additional cost to members.

Despite 2007 being a year of volatile stock-market performance, Engage Mutual has been able to maintain the same regular bonus levels as last year

In the 12 months to 31st December 2007 the Engage With Profits Fund recorded a return of 4.7% against an industry average of 3.9%.

The Engage With Profit Fund continues to be in a strong position with free assets of over 13% of the total assets under management, as at 31st December 2007

Some policyholders have seen 6.7% growth in the assets backing their investment plans in 2007
£14.9m in claims was paid out to members during 2007

Andrew Haigh, Engage Mutual Chief Executive, added: ‘The emerging strength of the With Profits fund gives Engage more flexibility to take advantage of a wider range of investment opportunities, in order to increase future payout prospects. This year we are looking forward to working with our external fund managers Insight Investment to take a more active investment approach with the aim of delivering even better returns.

‘As well as the addition of valuable bonuses, our With Profits policyholders also benefit from guaranteed benefits. These guaranteed benefits, coupled with strong investment performance, mean that With Profits policies continue to compare very favourably with other types of long-term investment.

‘Customers can invest in our With Profits Fund via the Protected Investment Bond for lump-sum investors, and via our tax exempt savings plan, Easy Save and Junior Easy Save, for regular investors.'