My friend Chris from Tree of Prosperity recently asked whether there is some truth to a nasty rumour that some endowments ramp down the guaranteed component of returns on a particular day. The quantum dropped by 3.75% to 2.75%. Personally, I have not heard anything like that. Even if there is, it is quite unnatural for an insurance company, who just structure and market their plan to change the bonus rates so fast. There is some thought process that goes into it. If things necessitate a change, it will be something they do later down the road. Lastly… where can you find an endowment with a guaranteed 2.75% IRR nowadays?? The endowments or whole life today have to combine guarantee and non-guarantee components to get an IRR close to 3.7% (and you will need the more optimistic investment scenario) In any case, the only recent cut in their 2020 bonus...