Standard life to Float Windfall Shares

redlakes

Lifted from Motley Fool Web site
After the recent falls and shortages anything back is a bonus


Standard Life To Issue Windfall Shares

By Cliff D'Arcy (TMFCliff)
March 31, 2004




Moderator comment:- Sorry but I have had to remove the text of this article for copyright reasons. A short summary with an acknowledgement and/or a link to the actual article is acceptable.

System

I have a with-profits policy but it is due to mature in May 2005.  Is there anyway that people like me can benifit from this share windfall.  After 20 years of paying in and suffering the disappointing results it would be good to get some comeback.

Darryl

:-( Only With-Profits policy holders will benefit...

Those of us sensible enough to invest our SL pensions into non-WP funds get nothing...

So much for the great advice the company IFA gave me then (well, what should I expect). >:(

Looks like I'll be transferring out of SL just as soon as possible.

Darryl (grumpy today)

laminki

Avalittle

V. INTERESTING
thanks for taking the time.

(In the past Martin's said it's preferable to post a link to an article like Cliff D'Arcy's rather than cutting & pasting it verbatim - copyright etc...)

payless

FLO- obvious too early for the mechanics to be published - suppose possible they will offer then chance to roll over the investment in a bond to carry on the qualification.

Lady_K

Does this include my endowment policy with Standard Life? the one that im trying to get a claim for miss-selling of? I mean would I be benefit from this windfall thing for that coz it's the only one I have with them

Lady_K

payless

If you still hold the policy, and its W/P and the demutal comes off, then yes.

In the past windfalls were usually not taken into account when looking at compo (regularly challenged)
personally I think its unfair to get / both (or for compo to not to be scaled down)

The amount available for windfalls (pot) is being reduced by claims paid by SL for plans sold by them / tied agents.

Lady_K

Ok thanx, even so I'm still confused I don't have a head for this kind of thing. But it seems like it might be a while before it does come into effect if at all anyway so I'll just take it one step at a time. Having the miss-selling claim too just makes me more confused coz I wasn't sure if what way I chose go with the comp claim would effect the other. How long do you think it would be before any winfall payments are made and how much would it be about and do we get offered shares aswell or just shares as the windfall?

The tied agents thing is that like I got my house through the Halifax but my endowment is through Standard Life and SL are the ones I'm claiming misselling with... So that bit might effect me?

payless

My understanding is a vote in 2006, so actual event could be sometime later!

Where you broght/ claim the compo from does not effect any windfall claim - it s just me saying this claims (if dealt with by SL and not an IFA) are actually reducing the ebedded value for the with profits holders.

leosayer39

Hi all,

We have a Standard Life With Profits policy that is due to mature in 06/06.

Does this mean that if Standard Life convert to a PLC after this date than we do not get the windfall.

Non Scrolling Leo

payless

LEO
obvious too early for the mechanics to be published - suppose possible they will offer chance to roll over the investment in a bond to carry on the qualification.