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Standard Life considers £1bn boost to with-profits policyholders - has it happened?
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anotherdollar
Posts: 70 Forumite
Standard Life are considering paying out surpluses to policy holders (see below)!
Is this true? My policy matured on the 20th March 2007, so will I lose out if it happens? Surely, some of surpluses were accumulated whilst I had the policy, so I hope i'll get something out of it, especially given I had a shortfall on the policy.
"Standard Life considers £1bn boost to with-profits policyholders
By Andrea Felsted and Andrew Jack
Published: March 23 2007 02:00 | Last updated: March 23 2007 02:00
Standard Life yesterday raised the prospect of paying out more than £1bn of surplus assets inits life fund to more than 2m with-profits policyholders as it announced plans to cut 1,000 jobs over the next two years."
Trevor Matthews, chief executive of the UK life and pensions business, said that, if the entire £1.3bn surplus was paid out immediately, it would add about 4 per cent to policy values.
Is this true? My policy matured on the 20th March 2007, so will I lose out if it happens? Surely, some of surpluses were accumulated whilst I had the policy, so I hope i'll get something out of it, especially given I had a shortfall on the policy.
"Standard Life considers £1bn boost to with-profits policyholders
By Andrea Felsted and Andrew Jack
Published: March 23 2007 02:00 | Last updated: March 23 2007 02:00
Standard Life yesterday raised the prospect of paying out more than £1bn of surplus assets inits life fund to more than 2m with-profits policyholders as it announced plans to cut 1,000 jobs over the next two years."
Trevor Matthews, chief executive of the UK life and pensions business, said that, if the entire £1.3bn surplus was paid out immediately, it would add about 4 per cent to policy values.
A shadowy flight into the dangerous world of a man who does not exist.
A young loner on a crusade to champion the cause of the innocent,
the helpless, the powerless, in a world of criminals who operate above the law.
A young loner on a crusade to champion the cause of the innocent,
the helpless, the powerless, in a world of criminals who operate above the law.
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Comments
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If your policy has matured, then its too late.
You would expect the orphan asset payout to be in the form of a special bonus added to the value of plans in force at the time. If and when this does happen, we are probably looking at late 2008/early 2009.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
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