Standard Life windfall news

Gorgeous_George · 22 April 2006 at 12:47PM

candygirl wrote:

god im such a bimbo my policy restarted after my divorce so its from march 1990, payments at £27.64 a month and i gopt 404 shares so doe sthis sound better?my original policy was opened in 1986, and this replaced it when i got divorced, sorry for the confusion. :cool: :cool:

I'm sure that'll fit in much better. My formula would give you 5% more but doesn't account for sex (male or female, not how often), age, smoker etc.

GG

Lorian · 22 April 2006 at 1:02PM

By contributions do you mean no of months x premimum between start date and some month in 2004?

ReportInvestor · 22 April 2006 at 1:04PM

Yes. Contributions = premiums paid to March 30th 2004.

This takes no account of variables like different deductions for life insurance (based on age/sex/smoking habits/lifestyle/hang-gliding etc. ) - which the Standard number crunchers will make.

Nor on the impact of charges - higher contributions are going to get higher windfalls because charges before investment will have been less.

bobber · 22 April 2006 at 1:10PM

ReportInvestor wrote:

Very useful.

The variable rate windfall as a % of her contributions is 8.4% se compared to your 7.7%.

This would seem to indicate three things.
Women do get more - see the Herald article above!
The length of endowment policy is not critical as hers was 15 years and yours 25.
The sum assured [or target amount] is not important. It is the actual contributions made, and when, that matter (see my criticism of the Standard Life press spokesman above re the Herald article).

This does seem to confirm the method I'm using (it's just candygirl that doesn't fit ).

Hope this doesnt put a spanner in the works for your method, but thought I should mention Im actually female too. I was a 22 yr old non smoker and my mum was a 47 yr old non smoker at time we took out the policies - not sure on the implications this has for the life cover premiums then and shares now? Thought I should mention anyway in case it helps your method

Lorian · 22 April 2006 at 1:18PM

From RI's collected data on % of contriubutions for variable part.

Ignores what month in the year, and averages the duplicates for a year.

- updated

jpvic · 22 April 2006 at 1:28PM

Got my pack this morning,

Start date - 18 Feb 1991
Matures - 2016
Pay in - £37.40
current value - £8014.96 @1Feb 2006
Target - £28000

Share allocation - 406

Male voting yes. Keeping shares in the short term as a wait and see.

ReportInvestor · 22 April 2006 at 1:28PM

To bobber.

One of you or your mum is an anomaly. But I wouldn't say that to her

.

jpvic wrote:

Male voting yes

No extra shares for voting yes. This isn't the House of Lords application process

.

jpvic · 22 April 2006 at 2:04PM

ReportInvestor wrote:

No extra shares for voting yes. This isn't the House of Lords application process .

When they addressed me as "Dear Sir" I took it as a hint.
Damn, I'll cancel the ermine order then.

chrisxr2 · 22 April 2006 at 2:42PM

I am tempted to write of to standard life, I am sure that paying in for nearly eleven years has got to be worth more than 32 shares (On top of the 185 everyone gets). As previously said, a nice explanation of how they come to their figures would be most helpful. For the sort of shares i am expecting i am sorely tempted to vote no, whether it would do any good or not remains to be seen.

ReportInvestor · 22 April 2006 at 3:17PM

noahveil wrote:

Don't see mine - see post 113 - and are you taking LAPR into account ?

Life Assurance Premium Relief only applies to policies taken out before 14 March 1984. So that would affect yours but no-one else's [to date].

I hadn't included it because you had worked it our yourself. If you PM me or post the monthly contribution numbers, starting month & windfall shares I could double check your figures on my spreadsheet.

noahveil wrote:

On the basis of GG's mine seems rather low .

I agree. I don't see why Standard shouldn't count the tax relief that has come into the WP fund thanks to your policy.

chrisxr2 wrote:

I am tempted to write to standard life and.....vote no

Did you double check the start date, including month?

Standard Life windfall news

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