Teachers > Liverpool Victoria
planteria
Posts: 5,321 Forumite
there is a proposed transfer of business of Teachers Provident Society to Liverpool Victoria.
does this affect anyone else here?
does this affect anyone else here?
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Comments
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yes me and the wife we took out 2 stakeholder pensions about 15 years ago
£250 windfall if they merge0 -
i have the same bilbo:)
yes, c£250 for all members..
those that hold with-profits policies are in line for far more though...i think dependent on the value of their policies. on average c£4,600 though_party_ ...i think paid our as uplifts to their policies.0 -
Where did you get the info re those holding with profits bonds being paid more, I can't see anything about it? Thanks!0
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second paragraph below 'Key terms and benefits'...
"The inherited estate is currently worth c. £140 million** and its distribution should result in enhancements to pay-outs to circa 30,000 with-profits policyholders."0 -
Good news for many of us mutual investors0
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Bring back Richard wendell and carpetbagger.com0
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it's Yendall, but yes, i knew who you meant0
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AGM pack received this weekend includes an update on the proposed transfer, which seems to be a formality.
Teachers Assurance is financially strong, but new business is not high enough to cover operating expenses... so there's no real choice, i don't believe.
all members are set to receive a £250 windfall, for loss of membership rights in TPS, early in 2016.
With-Profits policy holders are set to receive a lot more than that.. the society's estate is worth £142m and this is set to be distributed, over time, amongst the 30,000 WP policy holders..no details yet.0 -
Oh !!!!!!!Free the dunston one next time too.0
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