We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Last payment on endownment
Options
ronald208
Posts: 84 Forumite
I have mortgage endownment policy that has a start date of 13/04/1988 and an end date of 13/04/2010.
The first payment was paid 13/04/1988,
when is the last payment, 13/03/2010 or 13/04/2010 and when should I expect the money?
This is now with the Prudential but was originally Scottish Amicable.
Ron
The first payment was paid 13/04/1988,
when is the last payment, 13/03/2010 or 13/04/2010 and when should I expect the money?
This is now with the Prudential but was originally Scottish Amicable.
Ron
0
Comments
-
when is the last payment, 13/03/2010 or 13/04/2010 and when should I expect the money?
Last payment 13/03/2010 (I'd cancel the d/d after that), you should have the payout around 13/04/2010 or soon after.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
i have just received a letter but for a policy that matures in sept 09. Only problem is all the green letters were useless as they have been reducing the terminal bonus as and how they please now leading to a £700 shortfall.
In july 08 the statement said a they believe a 6% growth is a reasonable assumption and advised that they were not expecting a shortfall - standard FSA guidlines that are meaningless. I have just queried this with Pru and they advised that the terminal bonus up to Nov 08 was 50% of sum assured +existing bonus's. this would have given me more than the policy was set up for. In november they reduced the terminal bonus to 40% (would have just about hit target) and in March reduced to 30% (£700 shortfall). i have logged this with their complaints department but does anyone have any further advice? or do i just have to accept their figures.0 -
My Scot Am Prudential endowment matures in May 2010 and I would be dancing on the ceiling if there was only a £700 shortfall :jIt's more likely to be £4000:mad:0
-
My Scot Am Prudential endowment matures in May 2010 and I would be dancing on the ceiling if there was only a £700 shortfall :jIt's more likely to be £4000:mad:
They are swinging back round hansi. I checked a value on one recently and the MVR had gone and terminal bonus had gone back up. Not back to pre crash levels but it was trending the right way.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Thanks Dunstonh. Here's hoping!0
-
I have 2 policies maturing in April and May 2010
I phoned 4 weeks ago and the latest terminal bonus is 30% and 34%
Any update what the figures are at the moment Dunstonh?
taHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Just called Pru - Terminal Bonus on my 2 policies remains 30% and 34%
Been that figure for months now
GrrrrrrrrHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
It depends on the version of the plan you have. Some update more frequently than others. I suspect if yours is the same, you will have to wait until Jan/Feb for their next update.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
-
Thanks again DunstonhHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards