Norwich Union - Reattribution

oldwiring

Well as Dunstonh ( and little I ) expected the London High Court has approved the scheme.
http://ft.fundtransfer-aviva.co.uk/ve/ZZ940059r61q91w31k8360

That just leaves those of Jersey and Guernsey.
As an aside, I wonder what would happen were they to reject. ( purely in theory as they won't given the acceptances)>

oldwiring

From http://ft.fundtransfer-aviva.co.uk/ve/ZZ627059j90716160d73791 Aviva today.
Payment will be slightly up on minimum.

rutsnuts

RobbedRobbins wrote: »

I am amazed that the admittedly impotent FSI can allow this situation of daylight robbery to go on without someone doing something! My husband has a 20yr endowment policy with NU which has run for 10 yrs so far and is worth £3000 less then what he has actually paid in so far. Like all the other policy holders he was bribed to keep this policy with the promise of a bonus of at least £400 (told £1000 on the phone) last year only for NU to renage. Now he is trying to cash it in he has been hit with an MVR penalty which were imposed by NU during this time.There is NO MENTION of an MVR in his policy details and the first we heard of this was in Feb this year in an article in DM. NU's behaviour therefor is tantamount to fraud as far as we are concerned as he would have sold the policy back in 2008 if he hadn't have been advised not to because he was in line for a £1000 bonus from the inherited estate. At that time the policy was worth £10,000. Today it is worth £9300 after having paid in a further £1200 in payments during this time and now the deduction of an £800 MVR!
If this insn't fraud or mis selling at the very least I don't know what is!
Surley this must be illegal practice? Anyone else got any thoughts on this diabolical behavious by NU? I must say we have been thrilled (not) to see their TV advert expenditure on the cost of changing their name to Aviva
whilst we sit and see our monthly premiums go into lining their pockets on false promises to their policy holders and underhand actions in applying retrospective MVRs

Just found myself in exactly the same position and am furious! My husband took out a savings policy and invested £15,000 in which has lost £2,900 in 12 months (our statement quoted that the figure in the statement also included the two "special bonus' promise/bribe - which we have no idea of amounts??). My husband rang today to withdraw £1,000 today and was told of the MVR penalty, so now he is soooo angry he is thinking of cashing in the full amount as we feel we have no faith in this company, and they hold no regard to policy holders...

Geoffo_M

Just to let anyone who's interested know that I received my cheque this morning - a bit higher than the figure originally quoted