RE: Figures are mind blowing15 Oct 2018 13:16
The thing is this product is actually a good thing for the policy holder. Many people let their policy lapse, because they see it as a bill. Now, they can turn this into a lump sum that otherwise is worthless to them as a lapsed policy.
I reckon that life insurance companies might be some of the bigger investors in this.
Also, look at ALGW is on main market not on AIM. This means that large ii, hedge funds, pension funds, insurance companies... Are able to invest in ALGW once they see it on their radar. these tend to be sticky hands and I would go so far as to say, that I would not at all be surprised (have said it before) if ALGW clients' invest in ALGW because it would give them profit on both ends... Just a thought anyway!