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

Gorgeous_George

Thanks RI.

Like I always said, can't wait for demutualisation

I should have a surrender value from 2004 at home. IIRC this was £22k for a £30k policy started in 1985 at £45 per month.

Wife has a separate policy but I cannot remember when it started.



GG

titus_2

started my endownment in 1988 for £13.950,paying £27.50 a month,at the moment its worth about £9.200 so have been told it will fall short of about £4.000,my shares have came this morning 527 worth,also my sons pension started 3 years ago 188.

full-time-mum

Lorian wrote:

section 10 in the proposal.

Thanks, recieved my pack half an hour ago. Not sure I understand it though!

Froggitt

Ian_W wrote:

To me it wasn't just about the Board knowing best, the DM campaign was lead by carpetbaggers, and while I've nothing against them per se, by their very nature they're interested more in a quick profit than the long term future. Whereas my modest investments were long term ones, so based on SLs to then track record I made the wrong decision for all the right reasons. Or did I?

It wasnt really about your long term investments, it was about realising your stake in Std Life. You keep your long term investments and you make a quick profit. It was the best of both worlds, but unfortunately, too many people believed the Board was right.....mutual boards are way more unaccountable than plc boards, and only recently have started publishing things like executive pay.

Building Society boards are so unaccountable that they can reject any member resolution that in their opinion interferes with their management of the society......theyve even expelled members for doing just that in the past.

MelBean

Could someone mathematically minded give me some idea of possible share allocation.
25yr WP endowment due to mature 2020 monthly premium 69.78 policy worth approx 10.000 pounds. Not received pack yet but hopefully on its way as saw postman deliver next doors (v jealous)
thanks in anticipation

Kantankrus_Mare

full-time-mum wrote:

Thanks, recieved my pack half an hour ago. Not sure I understand it though!

Your not kidding!!

The bit I was interested in but couldnt understand was the MEP Mortgage Endowment Promise.

I know some time ago we were promised that Standard Life promised to make up any short falls on policys but then they retracted their promise (what a joke) saying profits hadnt reached 6 %.

Theres some bumf in the pack explaining how the MEP's will work if demutualisaton happens.
I personally cant make head nor tail of it.

JCL

Gorgeous_George wrote:

I should have a surrender value from 2004 at home. IIRC this was £22k for a £30k policy started in 1985 at £45 per month.

That's not bad. £45 a month from 1985-2004 = 228 months x £45 = £10,260 so £12,000 up if my calculations are right.

Kantankrus Mare - I've had a close look at the Mortgage Endowment Promise section. Don't think anything has changed - more that they have had to quantify things. The MEP was a foolish thing from SL's point of view but a good one from the point of view of the customer.

Poppy9

We have 2 policies with SL . One endowment in joint names but OH first name and his private pension. I had a letter yesterday with a large booklet saying I'm not getting any shares. OH hasn't had a letter though.

magicmaria

hi

Got mine have been allocated 186 shares - got works pension with them

needmoney

I've got a WP Bond, will I get anything?