Standard Life windfall news

ReportInvestor

That's just sounds wrong .

A 9.9% variable rate windfall compared to GG's 23%+

You should ask for a recount, IMHO.

candygirl

ReportInvestor wrote:

That's just sounds wrong .

A 9.9% variable rate windfall compared to GG's 23%+

You should ask for a recount, IMHO.

i think i will cos i was expecting more than this after nearly 20 years of having the policy

MiM

I've had my pension with SL for several years, having previously been with Equitable Life. Looks like I can really pick them.

It's a Stakeholder Pension and is not with-profits so I'm not entitled to a windfall. I didn't even know about this distinction and feel a bit miffed as I'd eagerly ripped open the envelope to see how much I would get if the vote was carried.

Why don't I qualify? I know I'm not a voting member, but why not? Was I badly advised? Am I right to feel aggrieved?

ReportInvestor

Hi MiM,

You aren't necessarily right to feel aggrieved or to think you were badly advised.

An adviser couldn't have predicted a windfall and may have put you into a superior fund to the WP fund.

Many Equitable investors were shifted by advisers into the WP fund and saw their hopes subside again after 2002.

A windfall may only be small compensation for them - after all the late entry to Standard won't entitle them to much of a windfall.

MiM

Many thanks, I'll just have to get over it then!

plumb1_2

I transfered a lump sum of £3474 back in feb 1986 into the with profits pension fund, i have not added to it.
in 2003 it was worth £25,278:cool:
in 2004 £23,557:eek: and 2005 19,759,:mad: so in 2-3 yrs it has fallen greatly

How many shares should i expect to recieve????? Bet it not anywhere near the fall.

Gorgeous_George

candygirl wrote:

i think i will cos i was expecting more than this after nearly 20 years of having the policy

There are other factors that could affect the calculation.
1) I was 4 days short of 22 when I started my endowment (age).
2) It was an 'early maturity option' thingy that would reach £30K in 18 years at which point I could have cashed in to clear my mortgage (so I was told). After 21 years its worth £19.5K.
3) I haven't claimed for mis-selling.
4) I don't smoke.
5) I haven't missed a payment.

Even with these bits taken into account, I don't understand the differences.



GG

Ian_W

MiM wrote: I've had my pension with SL for several years, having previously been with Equitable Life.

!!!!!! just tell us where you're going next - so we can avoid like the plaugue!!

bobsa1

I've read the awards and they do seem a little strange. I started a fifteen year policy for £10 per month 12 years ago and I'm getting 197 shares.

Compared to others I have done well,but is seems odd!

tripnip

bobsa1 wrote:

I've read the awards and they do seem a little strange. I started a fifteen year policy for £10 per month 12 years ago and I'm getting 197 shares.

Compared to others I have done well,but is seems odd!

Do you mean 197 variable, so 382 in total?