Scottish Amicable Endowment Terminal Bonus Values

morrow56

Anyone have an up to date maturity value for policies maturing at the moment

Thanks

bluefrew2

My policy matures in March and I got a statement from them. The policy was meant to pay out £29k but fell £1300 short despite me receiving green letters for the past 4 years. I phoned today regarding the matter but just got the company line about poor markets etc. I've given up on that matter, however my main point was that no information was given regarding the "further bonus" that was meant to be paid out on the maturing policy. She didn't know much about then went away and came back and said the further bonus was cancelled. I went a wee bit daft at that bit and accused the Pru of fraud, after all we were promised three things when we voted and I've only had two of them! Wonder if they have added it to the inherited estate? I've asked them to put it into writing and promised I would take it further. I'll let you know what it says.
Has anybody else out there received anything from the Pru about this "further bonus"?

dunstonh

I phoned today regarding the matter but just got the company line about poor markets etc.

Which is totally correct. The global recession saw all asset classes lose money, including cash.

however my main point was that no information was given regarding the "further bonus" that was meant to be paid out on the maturing policy.

They dont get added at the end. They accrue daily. It is the final bonus that goes up and down the most with the markets. They have been creeping up again recently.

. I went a wee bit daft at that bit and accused the Pru of fraud

Pru didnt cause the recession or credit crunch. So, its a bit daft blaming them and as for accusing them of fraud, I dont know how you come by that opinion.

Wonder if they have added it to the inherited estate?

No. Pru decided not to follow the others but instead to hold on to it to protect their reserves.

morrow56

Hi Dunstonh

You posted recently that With Profit Pru/Scot Am Terminal Bonus %s may rise in Jan/Feb

Can you provide some figures now

This is vital to me as the only way mine is going to come near my figure is if the TB % rises from 30% for one policy and 34% for the other

Thanks so much agian

dunstonh

Its due any day. The webpage is still showing the Feb 09 bonus rate announcement.

morrow56

Can you advise if you receive please

EdInvestor

dunstonh wrote: »

They dont get added at the end. They accrue daily. It is the final bonus that goes up and down the most with the markets.
No. Pru decided not to follow the others but instead to hold on to it to protect their reserves.

I think the bonus the OP is referring to relates to the demutualisation some years ago.Part of the DM proceeds for members were to be payble at maturity as a special bonus.This was in addition to the usual final/terminal bonus.

bluefrew2

EdInvestor wrote: »

I think the bonus the OP is referring to relates to the demutualisation some years ago.Part of the DM proceeds for members were to be payble at maturity as a special bonus.This was in addition to the usual final/terminal bonus.

You are so correct

bluefrew2

morrow56 wrote: »

Hi Dunstonh

You posted recently that With Profit Pru/Scot Am Terminal Bonus %s may rise in Jan/Feb

Can you provide some figures now

This is vital to me as the only way mine is going to come near my figure is if the TB % rises from 30% for one policy and 34% for the other

Thanks so much agian

At my calculation it worked out at 33%. I've had the policy for 25 years

hansi

Dunstonh, have you heard any more news about Scot Am policy maturity values and TB's for this year yet please?:)

dunstonh

Nothing yet. Still showing 2009 figures on their site. It was Feb last year they made the updates. So, its any day now.