The issuer of the securities capacity to meet its financial commitments is considered strong. This is supported by an independent assessment from a leading credit rating agency Standard and Poors which gives the issuer a rating of A as at 3rd June 2008. However, there is a risk that the issuer may fail to meet its obligations and it is you the investor that faces this risk rather than the plan manager.
Yes but I mean people listening to this might very well think - you were someone who took a risk and so it is wrong to complain about it now.
Yes I took a risk based on the information that I was able to get. And throughout the document it stresses it's capital secure. Now if we're saying you can't believe those documentations from professional companies frankly you can't believe anything that anyone says in the financial service industry. Where's that going to take us when we're being encouraged to make provision for our pensions?