Engage Mutual With Profits bond performance puts rivals in the shade

The latest survey by Investment, Life & Pensions Moneyfacts has revealed how rising payouts are finally rewarding investors who have stuck by their With Profits bonds through the recent lean years.

The survey examined the latest With Profits bond returns over various periods based on a single premium of £25,000. It found that over the short term with profits bond payouts have continued to improve, with the average surrender values after two, three, four and five years all higher than at the corresponding point a year ago.

After a good year of investment performance, Engage Mutual is similarly pleased to announce excellent performance for some With Profits Bond customers (Easy Bond and Capital Bond). As with other mutual insurers, many of which were featured in the survey, Engage Mutual's With Profit Bond payouts are above-average over a number of investment periods. In fact, Engage Mutual's payouts would have placed the Harrogate-based Society in second spot over one and two years, as well as above average over three and five years, putting it well ahead of many large, household-name providers.

Andrew Haigh, Chief Executive, added: 'The increased 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. We therefore believe that our With Profits fund remains an excellent long term savings choice for our customers.'

Richard Eagling, Editor, Investment, Life & Pensions Moneyfacts said: '" Engage Mutual in line with most of the mutual societies that we have surveyed is currently delivering some of the very best with profits returns. Our latest survey provides clear evidence that the stronger mutual offices are rewarding their members rather better than the proprietaries, with the average 5 year with profits bond surrender value from the mutuals 5% higher."