One million Norwich Union policyholders to share £1.4 billion

jonnyb

My offer is £237 minimum, for an endowment that matures in 2020.

I don't need the £237 right now, and the future value of it, if invested as cash with compound interest, would not be massive.

Plus, I don't like the fact that the subliminal message from their literature seems to be "vote YES."

For the loss of £237 I am willing to gamble on getting more just before my policy matures.

lisa76

I've got an endowment that finishes in 15 years so I got what I expected - the minimum £200 offer. The money will come in handy around Christmas, so I'm going to vote yes.
Can anyone advise on how I will be affected if I cash in my policy when I get the payout?

NOVASTAR

I have been offered £200 - I only paid into this pension for a short while and haven't done so for many years now. The total at maturity is so low that I am voting YES, then taking the money and running!

Elmer_Dudd

A relative is gutted with what they are offering him_

Qualifying CU policy running since 1988.....they have offered just under £600!!!

Qualifying CU policy running since 1993...they have offered £200!!!

Something smells rotten over this reattribution.

And what do they mean by a minimum payout of £200..will they offer more??

Elmer

oldwiring

jonnyb wrote: »

For the loss of £237 I am willing to gamble on getting more just before my policy matures.

As an oldie ( you're not is my feeling) I'll take the money and hobble;).

I have a ex CULAC with profits bond taken out 1097, that with the present situation has not done too badly against shares. My offer is just over 2% of current value.

Before any one says 'owt. I know maybe I should have done something, but life can get in the way of the ideal.:D

alared

I have spoken about this subject many,many times on the other thread.
This will be my last 2p worth on the subject.
I have accepted the offer signed it and sent it back.
Next year is the 10th anniversary of my policy and I intend to cash it in while there will be no MVR in place,to claw back whatever % of my money.
That`s the reason I`ll be taking the money and running.
Just to add that I wont be taking out another long term financial product EVER.

End of story :T:T:T

an1179

I've been offered £436 on one and £393 on the other.

Phuddles

I've had a letter yesterday offering £676. I signed up today to visit one of the Ombudsman's Roadshows in a couple of weeks and will wait to hear what she has to say before I make my decision. My endowment policy has four more years to run. They've been dragging this out for so long it is unbelievable! The money belongs to policyholders, not shareholders. I have known for a long time that there will be a shortfall on the policy, but since being a Moneysaver I have been paying as much as possible off my mortgage over and above the normal monthly payment rather than paying more into the endowment which was their suggestion.

Geoffo_M

oldwiring wrote: »

As an oldie ( you're not is my feeling) I'll take the money and hobble;).
I have a ex CULAC with profits bond taken out 1097,

Crikey - you took the policy out in 1097 - you are an oldie!!

oldwiring

Geoffo_M wrote: »

Crikey - you took the policy out in 1097 - you are an oldie!!

Oh I forgot to say the initial investment was 16000 groats plus damsel ransom tax of two sheep:D