Product: Royal London 360 Quantum Savings Plan Clear all filters (2 of 2 reviews match)
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This regular savings plan offers all sorts of apparent benefits but what is not explained to you is the impact of the initial unit charges. They are never mentioned in the illustrations. They are in the terms and conditions but you almost need a Ph.D. in Quantum...
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#1472588 Review #1472588 is a subjective opinion of poster.
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Royal London 360 Quantum Savings Plan
Reason of review
Not as described/ advertised
Preferred solution
Full refund
2.0
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Update by user Dec 05, 2016

Update!

It is the advisor from Montpelier Group that has mislead me and not RL360. RL360 is only guilty of providing a hard to understand and bad product.

Original review posted by user Dec 05, 2016

I entered the Quantum plan November last year and has been paying 3000usd/month on a 20year plan. I understand the plan now and if I finsh my initial period I will have to pay ~420usd/month just to cover the charges. If I chose to continue with just 300/month after...
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5 comments
Anonymous
#1307983

I fell into the same trap and only googled reviews too late. I got sold a 23year plan when we explained we needed a shorter term option and flexibility.

RL360 is anything but flexible.

I dumped the policy after 6 months as it was cheaper to lose 100% of contributions in 6 months or wait until the allocation period 23 months then try with draw and lose 82% of initial contributions to FEES.

Probably an ok policy if you are keen on a 23 year plan but for myself a total waste of time an money.

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Review
#967064 Review #967064 is a subjective opinion of poster.
Service
Royal London 360 Quantum Savings Plan
Reason of review
Not as described/ advertised
Preferred solution
Full refund

Contact Royal London 360 Customer Service

Mailing Address:
Royal London 360
International House, Cooil Road
Douglas, Isle Of Man IM2 2SP
United Kingdom
Phone:
+44 162 468 1682
All Royal London 360 Contacts