ERS Syndicate Management Limited has provided us with updated forecasts of the open years of Motor Syndicate 218 as follows

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2019

479,575

-1.6% to 8.4%

-1.2% to 8.8%

0.4 points worse

2020

480,000

1.5% to 11.5%

0.9% to 10.9%

0.6 points better

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