norwich union reattribution

onedime

How can Norwich Union predict a shortfall on mortgage endowment when they are taking a vote on how to deal with surplus money in their with profits fund.

EdInvestor

You mean they should cover the shortfalls first? Pay all the money to the endowment policyholders?

Don't you think there might be a few complaints about unfairness from customers with WP pensions, bonds and annuities?

onedime

EdInvestor wrote: »

You mean they should cover the shortfalls first? Pay all the money to the endowment policyholders?

Don't you think there might be a few complaints about unfairness from customers with WP pensions, bonds and annuities?

I also have a Norwich Union pension but I what I mean is I don't really understand it all ! I have been told that members agreeing to reattribution would enable NU to get their hands on £1.5 billion. I understand the current estimate is for £400 million to be shared out among members - so is that a good deal?

wannabe_sybil

I hope no-one minds me bumping this thread. I have just got a reattribution letter. Last year there was another nought on the estimate :rolleyes: But even I realise that financial matters are a bit more turbulent than normal.

I am notoriously reliant on the opinion of the good members of MSE when it comes to this sort of thing.

What are people's opinions about the likely outcome if I don't sign the 'yes' letter and take the money now?

dunstonh

There are current threads in the investments and insurance section which cover off all you need to know. Take a peek at those and it should help.

wannabe_sybil

dunstonh wrote: »

There are current threads in the investments and insurance section which cover off all you need to know. Take a peek at those and it should help.

Thank you I never thought to look there.

(I stick to the girlie threads as a rule )