where is my money.

peter10

invested £100000 in scottish widows fund ,changed my mind after 3 weeks sent cancellation notice 10-3-07.still waiting for the money.can I claim interest on the money.

RayWolfe

Shouldn't think so. What do the T&Cs say?

dunstonh

Unit Trust or investment bond? UTs can be about 1-3 weeks. Investment bonds can be 2-4 weeks.

You are aware that you are likely to lose money with what you have done? By sending in the cancellation rights after the first week of the correction, you will get you will suffer those loses if your investments were affected by them. Shame really as if you had cancelled now, you wouldnt have as things have mostly recovered.

Interest can only be claimed for periods where the funds have taken longer than normal. That is not the case and would typically have to be longer than 30 days.

peter10

Had a letter this morning from scottish widows cheque paid to my bank has been returned unpaid,they put the incorrect account details on cheque.
contacted scottish widows was told they are very busy with claims could take tell next week 6-4-07.before I see my £100000.