We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

A&L windfall ??

natalie1980_2
natalie1980_2 Posts: 151 Forumite
in Savings & investments
Ive just seen on the news that A&L have agreed a takeover with Banco Santander. Ive got an ISA with A&L does that mean I could be in line for a windfall???

Comments

  • alanq
    alanq Posts: 4,216 Forumite
    1,000 Posts Combo Breaker
    Windfalls can occur when building societies demutualise or get taken over. A building society's owners are its customers. A&L demutualised years ago. Its then customers got the windfall. It is now a bank and its shareholders will be paid when it is taken over - and hardly a windfall as they will probably be paid much less than what they spent to buy their shares in the first place.
  • fatpig_2
    fatpig_2 Posts: 631 Forumite
    natalie1980 wrote: »
    Ive just seen on the news that A&L have agreed a takeover with Banco Santander. Ive got an ISA with A&L does that mean I could be in line for a windfall???
    £500 minimum I believe. I'm just thinking what I'm going to spend mine on.
  • Cozworth806
    Cozworth806 Posts: 530 Forumite
    fatpig wrote: »
    £500 minimum I believe. I'm just thinking what I'm going to spend mine on.

    What are you talking about! No windfalls unless you own shares.

    That ship has been and gone in c.1997
    Nothing to see here :beer:
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture