defendersv wrote: »
Does anyone know what will happen if you vote No, and your endowment matures before this is looked at again. Will you have lost all opportunity to benefit or will they have to track you down and offer you a new amount.
I've had my policy since 1994, & I have been offered £200, I am saying no.
I cant understand why, one day I recieved the posh glossy booklets, that must have cost a fortune to print. The following day, a letter urging me to sign a.s.a.p. reminding me that I had to vote yes, to obtain the £200.
I have since had another couple, along the same vane, and, Call me a cynic, but they seem to eager, over a piiddling 200 quid?
I have a feeling there is more to this, I smell a rat?
tightrs wrote: »
just read through quickly i have been offered £354 and i think i will vote no ,has anyone been offered anywhere near £1400
Phuddles wrote: »
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.
The minimum payment I've been offered is £450. I've got slightly less than 13 years to go
Can't find any evidence that these "special distributions" come along frequently
Had there been a backlash from us, the high court might not approve the scheme
I will however write to the high court in support of the Policyholder Advocate's position (she's on our side
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