I would have thought that 14% in today's environment and for the last 3 years would be considered quite excessive considering that on average Uk 10 year government bond has yelded 2-3%, savings and notice (60days+) accounts have yelded 0.05-3% over the last 3 years.
Furthermore the legal rate in scotland awarded by courts relating to debt (legal rights are a debt to the estate) is 8%
Your thoughts please.
Would the mutual fund with mix of debt and equity with more tilt on equity guarantee the capital? which i would imagine is paramount.
Just to clarify,is your advice is applicable to Scottish law? I ask because i am trying to ascertain what would be an adequate interest rate to apply to a Scottish Legal Rights fund.