Argenta Syndicate Management Limited has provided us with an update on the forecast results for the open years of syndicate 2121. These are as follows:

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2019

339,845

-15.0% to-5.0%

-15.0% to-5.0%

unchanged

2020

424,736

-1.0% to 4.0%

0.0% to 7.5%

2.3 points worse

2021

599,950

-5.0% to 7.5%

-5.0% to 7.5%

unchanged

The deterioration on the 2020 account reflects lower expected releases from the closed years of account and a reduction (to nil at midpoint) in the forecast for the full year’s investment earnings.

Syndicate forecasts are expressed as a percentage of syndicate allocated capacity and are after all standard personal expenses but before members' agents' charges. 

A summary of second quarter forecasts received to date is available here.