Chaucer Syndicates Limited has provided quarterly data relating to Syndicate 1176. This data includes an update to forecasts for the open years of account as follows:

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2019

46,470

30.0% to 40.0%

25.0% to 35.0%

5 points better

2020

46,403

15.0% to 35.0%

15.0% to 35.0%

unchanged

Forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses, but before members’ agents’ charges. Updated forecasts are based on data to 30 September 2021 and the previous forecasts on data to 30 June 2021.