Old Scotbits Unit Trusts

al_cam

Hi all,

We recently dug up some old savings things my wife's late grandmother had.

They are Scottish Bank Insurance & Trust Shares (scotbits) unit trusts which were taken out in the 1960's.
We think it is unlikely they were ever cashed in as why would the certificates have been kept and they were also kept with other savings products which we definitely know weren't cashed in.

Anyway, we wrote to JP Morgan who took over the scotbits business and they wrote back saying they couldn't find anything but could check the archive for £100 with no guarantees.

I'm reluctant to fork out £100 for potentially nothing.
Does anyone know if they might have any value or if I have any chance of getting anything or if there are any other routes to finding out.

She had 1040 units.

Thanks

Al.

looking_forward

I known this thread is very old but I have a similar situation arisen and wondered if you got this sorted out ?

thanks

jimjames

Before paying out any money I'd suggest you check if the person has moved house since the date of any paperwork. If not then it would seem very likely that they sold the shares at some point in the past or would have been receiving more recent valuations.

Until recently I had various share certificates for shares I no longer hold as they had been superseded by other certificates that I had then sold. I guess many people may have similar situations.

osseocarn

We invested some of our children's pocket money in Scotbits (I'm fairly sure it was Scotbits) around 40 or so years ago. It seems to have morphed into JP Morgan Global Equity Fund A Accumulation
GB0030877871:GBX . Time we cashed it in!
I'd be interested to hear if this information is any help. Good luck!

esoham

I am acting as an Executor for my step-mother's estate and like others found a share certificate for Scotbits which are no longer valid. Instead these shares changed name several times, firstly in 2001 to:-


"Save and Prosper Growth Fund Units", then to
"J.P. Morgan Asset Management", then
"JPMF Global Fund Accumulation Shares", then
"JPM Global Fund Accumulation Shares", then
"JPM Global Fund A Accumulation Shares", and finally in 2013 to
"JPM Global Equity Fund A Accumulation Shares".


The number of shares remained the same throughout and were valued at approx. £9.75 per share in early February 2015.


Hope this information proves to be of help to someone.