They cannot find policy number for old Scottish Amicable bonds ?

mz8

Hi all,  I thought I'd post here as I saw several threads on Scottish Amicable Investments.

In 2023 , we collected a group of old documents from lawyers office,  and they found 10 bonds in my name , all dated 1984.   

They are issued by "Scottish Amicable Life Assurance Society" and are all 'managed investment bonds'.

As per the rear,  they appear to have vested when I was 20 (I'm 40 now).    On the front, there is info such as the bond number,  holder,  life assured individual,  $ amount,  units issued,  etc.  

We are in Australia and it appears the company had an office in Melbourne at the time.  

Prudential purchased them almost 30 years ago of course.    I have been in contact with Pru a couple times and posted them all the required info they instructed   

They replied that they cannot find any policy number associated with these and I'm at a loss as to what to do.    For eg,  if there is someone in the UK I can hire to look into it ?

I greatly appreciate any info / advice. 

Best Regards,
Mike 
 

DullGreyGuy

mz8 said:

Hi all,  I thought I'd post here as I saw several threads on Scottish Amicable Investments.

In 2023 , we collected a group of old documents from lawyers office,  and they found 10 bonds in my name , all dated 1984.   

They are issued by "Scottish Amicable Life Assurance Society" and are all 'managed investment bonds'.

As per the rear,  they appear to have vested when I was 20 (I'm 40 now).    On the front, there is info such as the bond number,  holder,  life assured individual,  $ amount,  units issued,  etc.  

We are in Australia and it appears the company had an office in Melbourne at the time.  

Prudential purchased them almost 30 years ago of course.    I have been in contact with Pru a couple times and posted them all the required info they instructed   

They replied that they cannot find any policy number associated with these and I'm at a loss as to what to do.    For eg,  if there is someone in the UK I can hire to look into it ?

I greatly appreciate any info / advice. 

A quick google states that Scottish Amicable Australia went into Colonial Mutual which renamed to Colonial First State no into Prudential Assurance

mz8

DullGreyGuy said:

mz8 said:

Hi all,  I thought I'd post here as I saw several threads on Scottish Amicable Investments.

In 2023 , we collected a group of old documents from lawyers office,  and they found 10 bonds in my name , all dated 1984.   

They are issued by "Scottish Amicable Life Assurance Society" and are all 'managed investment bonds'.

As per the rear,  they appear to have vested when I was 20 (I'm 40 now).    On the front, there is info such as the bond number,  holder,  life assured individual,  $ amount,  units issued,  etc.  

We are in Australia and it appears the company had an office in Melbourne at the time.  

Prudential purchased them almost 30 years ago of course.    I have been in contact with Pru a couple times and posted them all the required info they instructed   

They replied that they cannot find any policy number associated with these and I'm at a loss as to what to do.    For eg,  if there is someone in the UK I can hire to look into it ?

I greatly appreciate any info / advice. 

A quick google states that Scottish Amicable Australia went into Colonial Mutual which renamed to Colonial First State no into Prudential Assurance

Thank you so much!  That is extremely helpful.  It never then occured to me that the local operation was acquired by a different entity.    Much appreciate

DullGreyGuy

mz8 said:

DullGreyGuy said:

mz8 said:

Hi all,  I thought I'd post here as I saw several threads on Scottish Amicable Investments.

In 2023 , we collected a group of old documents from lawyers office,  and they found 10 bonds in my name , all dated 1984.   

They are issued by "Scottish Amicable Life Assurance Society" and are all 'managed investment bonds'.

As per the rear,  they appear to have vested when I was 20 (I'm 40 now).    On the front, there is info such as the bond number,  holder,  life assured individual,  $ amount,  units issued,  etc.  

We are in Australia and it appears the company had an office in Melbourne at the time.  

Prudential purchased them almost 30 years ago of course.    I have been in contact with Pru a couple times and posted them all the required info they instructed   

They replied that they cannot find any policy number associated with these and I'm at a loss as to what to do.    For eg,  if there is someone in the UK I can hire to look into it ?

I greatly appreciate any info / advice. 

A quick google states that Scottish Amicable Australia went into Colonial Mutual which renamed to Colonial First State no into Prudential Assurance

Thank you so much!  That is extremely helpful.  It never then occured to me that the local operation was acquired by a different entity.    Much appreciate

It depends on how the business was structured and how easy it is to divide the territories. Sometimes you'll achieve a better price by splitting and selling separately and other times selling it as one. All depends on what the buyers want and the transaction costs.