We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Norwich Union - Am I entitled to Interest?
Options
Brighton_Boy_2
Posts: 1 Newbie
My endowment policy has matured and for some unknown reason I received my maturity pack over a month late from Norwich Union.
It might not amount to much but if I apply an interest rate of say 5% on a maturity value of £30000, this works out at over £100 for a months delay in receiving payment.
Can I seek interest on the proceeds of the policy and if so any idea what interest I should get?
It might not amount to much but if I apply an interest rate of say 5% on a maturity value of £30000, this works out at over £100 for a months delay in receiving payment.
Can I seek interest on the proceeds of the policy and if so any idea what interest I should get?
0
Comments
-
Can I seek interest on the proceeds of the policy and if so any idea what interest I should get?
You typically find interest is automatically added (although some do it after a certain period). You dont get to set the rate though and it wont be 5%.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards