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Mutual Windfalls back?
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planteria
Posts: 5,322 Forumite


windfalls on the way:
http://www.telegraph.co.uk/finance/personalfinance/savings/9899870/600-windfalls-for-15000-mutual-members.html
the members have voted overwhelmingly in favour:
http://www.marineandgeneralmutual.co.uk/members/egm-2013/
perhaps Carperbagging could be on the way back:idea:
http://www.telegraph.co.uk/finance/personalfinance/savings/9899870/600-windfalls-for-15000-mutual-members.html
the members have voted overwhelmingly in favour:
http://www.marineandgeneralmutual.co.uk/members/egm-2013/
perhaps Carperbagging could be on the way back:idea:
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Never heard of them before...0
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The first link contains a sentence that ought to be carried as a banner on the pensions forum, as an answer to some of the dimmer posters.
"Annuity business is extremely competitively priced and also requires substantial amounts of capital ..." he said.Free the dunston one next time too.0 -
capers;)
who knows, Thrugelmir. but i have small amounts with most Building Societies and in recent months have started small investments with some Friendly Societies, and have small pensions with some mutuals too.
hopefully 2014 will see some 'bags' come to fruition:A0 -
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The difference with building societies was that you could leave £100 in an account to retain membership. I certainly wouldn't want to commit thousands to a friendly society on the remote basis that they may convert at some point for some unspecified return. Based on the money from building societies and loss of better return on your capital with a FS you'd probably do better just getting superior investments in the first place.Remember the saying: if it looks too good to be true it almost certainly is.0
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Thrugelmir wrote: »As for pensions etc. More likely to be swallowed up by Phoenix Group, who specialise in running off closed books.
that is certainly part of the consolidation. i had a Stakeholder with Royal Liver, which we voted to be taken over by Royal London, so our fund is a RLondon sub-fund nowadays.
we shall see though. Building Societies are bound to consolidate further, but are currently doing so without a windfall for members. Friendly Societies are a bit different though, there doesn't seem to be a 'standard practice'.0 -
I certainly wouldn't want to commit thousands to a friendly society on the remote basis that they may convert at some point for some unspecified return.
other than having a small 4 figure some in a long-standing LV bond, nor would i. i am into Friendly Societies for very small sums.0
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