Standard Life windfall news

follyfoot

Ian_W wrote:

Don't forget to vote then!! Will the £600 or so they're worth be for a good night out, or have your priorities changed a tad?

doesnt look like the shares will be worth very much. do you think they are likely to go up? i also have shares with bradford and bingley but i havent checked what they are worth now

baby_boomer

noahveil wrote:

If the policy term is a critical factor - then, yes.

I don't understand. Your policy paid out less in the table produced earlier on this dicussion. Are you saying that longer term policies should pay out less? That can't be right, surely?

pauliepie

I have an Endowment with standard life in 1999 for 25 years.
Would I qualify for a payout?
Do you also think I should sell my endowment which is approx £43000...
Cheers guys..

baby_boomer

Th answers to both questions depend what your endowment is invested in. Your adviser should have explained to ensure your investment matched your approach to risk.

Is it with profits? If not, then you don't qualify for a windfall.

Also, is your endowment worth £43,000 or is that the target amount?

noahveil

baby_boomer wrote:

I don't understand. Your policy paid out less in the table produced earlier on this dicussion. Are you saying that longer term policies should pay out less? That can't be right, surely?

Most of the policies in the table are for 25 years.

The original policy term here was extended so that it is now effectively a 29 year policy.

If a policy was, say, taken out in 1983 for 25 years, by 2004 it had been in existence for 84% of its term.

On a 29 year policy this would have been just 72.4%.

Of course, in the total absence from Stunned Life of any way to check one's entitlement, all this is mere conjecture.

baby_boomer

That's an interesting idea.

But it doesn't get any support from the evidence so far in

this table

about 10,15 and 22 year old policies which are broadly in line with their 25 year counterparts.

Amounts paid in to date, adjusted according to investment conditions and factors
specific to the With Profits fund are still the likeliest variables if you are just comparing endowment policies .

noahveil

baby_boomer wrote:

That's an interesting idea.

But it doesn't get any support from the evidence so far in

this table

Yes, but are any of the others over 25 years duration ?

Another factor could be current premiums. On this policy, as previously mentioned, it is now reduced to only £5 month.

This is, of course, all guesswork - just looking for possible reasons for any discrepancies.

Assuming its not simply a mistake, which is unlikely, the fact that the original term was extended must have something to do with it.

mae

I have not heard anything from Standard Life about the demusutalisation but I do have a pension with them. I have looked up my membership certificate and I have been a member since 6/11/98 and the certificate says I am a member of my works group pension plan it says my investments have gone into the managed one fund, the with profits fund and Millenium with profits fund. Does anybody know if I am entitled to the windfall?

baby_boomer

noahveil wrote:

Another factor could be current premiums. On this policy, as previously mentioned, it is now reduced to only £5 month.

That should work in your favour. More of your premiums would have been invested earlier.

I think you've probably made a mistake. Why not PM Reportinvestor with details of what you have paid in and when, so that he can check and confirm this discrepancy, if it is one?

pauliepie

baby_boomer wrote:

Th answers to both questions depend what your endowment is invested in. Your adviser should have explained to ensure your investment matched your approach to risk.

Is it with profits? If not, then you don't qualify for a windfall.

Also, is your endowment worth £43,000 or is that the target amount?

My policy is with profits, and the £43k is the endowments worth.
Do I qualify for a windfall then?????
If so, roughly how much and when are we due this money

cheers