Standard Life De-mutualisation

EdInvestor

scottishlizzie wrote:

For her the shortfall is the only issue but, as you imply, it is caused by the disappearing terminal bonus. The review letter contains a general statement that TB is being reduced and will be phased out by October 2006. Actually I think hers mature in November so the TB will have gone by then.

My personal view is that she should hold on to them for the possibility of a DM bonus. What do you mean by she would be better off going now?

If the DM bonus and the TB she still has are worth about the same, she would be better off going now because she would then avoid having to pay the wasted premiums. Certainly if the remaining TB is more than 20% of the policy value she should go, IMHO (this is not "advice").It's a bit less clearcut at 10%.


Rather an interesting "general statement" BTW.

EdInvestor

margaret wrote:

Ooops! Editor.
My endowment mortgage matures in August 2006. Do I miss out?

Margaret

Hi Margaret,

You might. They plan to do the float in June next year, assuming the vote is in favour, but if the market is having some kind of major trauma,which could have many causes and is impossible to predict, then they have indicated they will postpone to September.Big IPOs like this one are not normally done in the summer because too many City types are away on hols.

Keep your fingers crossed.

scottishlizzie

Compensationitis wrote:

You need to get your backside in gear scottishlizzie, if you flunk it your 'client' can sue you..

Thank you for your usual polite and helpful comments.

Compensationitis

Standard Life caves in to pressure on final bonus payments
>By Josephine Cumbo Financial Times https://www.ft.com
>Published: May 20 2005 16:29 | Last updated: May 20 2005 16:29
>>
Standard Life with-profits policyholders who have been receiving annual statements which fail to disclose a policy’s estimated terminal bonuses will be able to request the information via their financial adviser following a change in stance from the life assurer.

The mutual life assurer caved into pressure from financial advisers this week and agreed to provide them with detailed statements, if requested, which is in line with industry practice. But policyholders who don’t go down the IFA route will remain in the dark.