Standard Life publish 'proposal for members' - inc. FIXED shares estimate £444 - £536

ReportInvestor

I think your first one's return is so high because of Life Assurance Premium Relief (LAPR) which applied before March 1984 . Presumably you quoted net payments on this policy and the government kindly added 10%?

Ian_W

Ours arrived this morning.

571 shares. Policy from 17/10/88 for 25yrs, target £40K with £13K sum assured and monthly payments of £59.80p.

Current value at 1/2/06 is £15,006 with projected shortfall of between £9.8K and £16.2K - it no longer supports a mortgage [neither do we - Yiphee!!] but I will probably keep it if DM goes through, life insurance costs dictate it's probably a good move. Couple of quickies though.

1. There have been suggestions on these threads and elsewhere that to avoid a mass defection of WP policyholders after the DM vote SL may allow penalty free switches to other funds. I've seen nothing in the prospectus, anyone any more info?
2. I think I may well keep the shares at least until bonus or takeover time, whichever materialises quickest. Is anyone considering buying preferencially priced shares to members, does anyone have an idea of what the price is likely to be for these?

ReportInvestor

Still waiting to see what discount there might be on the preferentially priced shares, Ian.

I suspect the Standard PR department will have wanted to keep that in reserve for next weekend or whatever they consider an appropriate "good news" moment.

Ian_W

Whoops!!

In my post #93 shares should read 751 - I did my calc of the value on the correct figure, so I don't feel particularly richer!!

JCL

ReportInvestor wrote:

Still waiting to see what discount there might be on the preferentially priced shares, Ian.

I suspect the Standard PR department will have wanted to keep that in reserve for next weekend or whatever they consider an appropriate "good news" moment.

Think they have said they will write to members in June with further details if the vote has gone through. Not to say it won't be leaked prior to the SGM but officially from what I've read it will June until we find out. That's also when they will send the prospectus out to potential investors.

ReportInvestor

Ian W and mikeassured now added to

The MSE Standard Life windfall comparison table on this link

Ian W's windfall seems out of kilter with the rest. Was it a low cost endowment with rising premiums, Ian?

Ian_W

No RI - level premium over the 25yr term. You did pick-up my correction from 571 to 751?

If so - where's the "appeal" button? Sue, Grabit & Run on standby for major claim.

EDIT: :idea:
Could the difference be related to age when the policy was taken out? Both DOH & myself were well into our 30's when this policy was taken so I'm wondering if a larger % of the premium goes to life cover, with a little less to the underlying investment in WP fund :question:

nicki_j

We have an endownment for £60000 paying @ £67 a month taken out in Oct 91. We only wanted a savings plan as we were renting in London at the time. We have taken it to the FSA and they have given us @ £713 but the projected shortfall falls into thousands so how do they get this amount?

Changed the mortgage Sept 03 so that it covered less of the amount (only for 45000 instead of ther 60000) at a fixed rate of 3.94% for 5yrs with Britannia but as the statements show an even worse projected shortfall we are going to change it all over to repayment when this fixed rate period is up.

Also want advice on what will happen to the MEP as the booklet is like reading gobbly gook - also is it best to keep the shares or get cash?
HELP!

NickC_4

Got my letter yesterday.

As well as my basic 185 shares I got... wait for it... seven extra shares! :rotfl: Yes, 7.

I'll get the beers in then! :beer:

I was a bit worried that I might loose the extra shares because I have now stopped paying into the pension. Don't suppose it really matters now.

Nick.

ReportInvestor

Ian_W wrote:

No RI - level premium over the 25yr term. You did pick-up my correction from 571 to 751?

I did.

:idea:
Could the difference be related to age when the policy was taken out? Both DOH & myself were well into our 30's when this policy was taken so I'm wondering if a larger % of the premium goes to life cover, with a little less to the underlying investment in WP fund :question:

Maybe. But are you that bad a risk Ian ?