Chaucer has provided us with the result of syndicate 1176’s 2018 year of account and updated the forecast for the 2019 account as follows

 

Year of account

Capacity
£000s

Result/Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2018

46,500

44.2% profit

32.5% to 42.5%

6.7 points better

2019

46,470

12.5% to 32.5%

12.5% to 32.5%

unchanged

As ever, syndicate forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses but before members’ agents’ fees and charges.