Standard Life Shares

VickyM_2

Anyone else see the huge irony in all this? I've only got shares because I had an endowment with them; I claimed my endowment was mis-sold because I have an adverse attitude to risk and didn't want to be dependent on the stock market, and got compensated on that basis, and I'm sure a lot of other people are in exactly the same situation.

And now we're all dithering about whether to sell or keep shares that we didn't want in the first place!

bootman

MarkyMarkD wrote:

Unless you are opting to sell on flotation, I think it's mad to use the SL share account. If you do so, you can ONLY sell through SL's arrangement with Computershare, and the rates are extortionate - 0.5% for online deals, with a £15 minimum but NO maximum.

As an earlier post said, opt for the share certificate and then "dematerialise" the shares with a cheap online share dealing firm e.g. TD Waterhouse or whatever, then sell them when it's suitable for you at a FIXED amount of c.£15.

I sent my form off today asking for a certificate. I don't want an account that they are going to charge me to close if I want someone else to sell them for me in the future.

gort_2

If Standard Life are a takeover target in the future ,will that affect the shares in a positive way?, and if that's the case is it worth holding on to them for a while.

Kantankrus_Mare

Thing is............yes it could be positive if there was a takeover but nothing in this life is guaranteed and Im afraid after Standard Life retracting their "PROMISES" I for one don't have a lot of faith in them anymore.

I hope Im proved wrong for the millions of people that have huge shortfalls in their mortgages but Im not holding my breath.

My next step after the Feb statements is to find out who are the genuine companies that buy endowments unless of course.......the statements are back on track.......oh and pigs might fly!!!

mae

My husband has a pension with Standard Life since 1998. He is a member of his company pension plan and he has not been sent an offer of shares from Satndard Life so its is looking like his boss is getting all the shares for all the members???? How can this be fair? Does anybody know if there is anything we can do?

sandymac_3

Apologies for being stupid but I assume I shouldn't sell my endowment until the shares have gone through?

Won't be keeping either shares or endowment - had enough of Standard Life! Gonna put it into bricks and mortar instead...

Chrismaths

mae, your husband has a company pension scheme, the pension trustees own the standard life pension plan, therefore the company pension scheme will get the shares. That is entirely fair. The shares will not go to his 'boss', but into the pension scheme to enhance the value of the scheme.

sandymac, good luck with bricks and mortar - I wouldn't touch BTL with a 10 foot disinfected barge pole personally...

Lady_K

Whats BTL?

paula.paula13

Mmm... I have also received my share letter today = 334 shares. I got a share allocation when Halifax floated years ago and have often regretted not selling them immediately as the value of them dropped sharply after the initial buzz. Now I need to decide on the Standard Life ones. My instinct says to sign the form saying I want to sell them - what do the rest of you think?

Chrismaths

Buy-To-Let. Buying a house to rent out.