Managing Agency Partners Limited has provided us with an update on the forecast outcomes for the open years of account of its managed syndicates as follows

Syndicate 2791

Year of account

Capacity
£000s

Revised forecast

Range

Previous Forecast Range

Change at Midpoint

2020

399,855

-5.0% to 2.5%

-5.0% to 2.5%

unchanged

2021

400,386

-2.5% to 5.0%

-5.0% to 2.5%

2.5 points better

 

SPA 6103

Year of account

Capacity
£000s

Revised forecast

Range

Previous Forecast Range

Change at Midpoint

2020

49,863

-17.5% to -10.0%

-17.5% to -10.0%

unchanged

2021

64,961

-12.5% to -5.0%

-15.0% to -5.0%

1.25 points better

 

MAP adds that the 2021 year of account is at an early stage of development and that there are a number of factors that may affect the ultimate result.

Forecast results are expressed as a percentage of allocated capacity and are after all standard personal expenses but before deduction of members’ agents’ fees.