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CO-OP Endowment Policy
scottc123fish
Posts: 1 Newbie
I have a CO-OP Endowment Policy which is scheduled to pay off part of my mortgage. I have had this policy for 20yrs and is due to mature in 5yrs time.
If CO-OP go 'belly up' what are the possibilities for my policy ?.
If CO-OP go 'belly up' what are the possibilities for my policy ?.
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Comments
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Is the policy now held with Royal London, who took over their investment business? If it is, I guess you shouldn't be worried. The bank are unlikely to go belly up, the group that run the food shops and so forth well thats another story!0
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you won't be losing your policy.
yes, Royal London took over the pension business of Co-operative Group. it ought to be safe there.
http://www.royallondongroup.co.uk/media/2013-Archive/Royal-London-completes-the-acquisition-of-the-Co-operative-Banking-Groups-life-insurance-and-asset-management-businesses-/0
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