Any carpet-baggers out there?

Sparkly

I've had a Yorkshire BS savings account with passbook - platinum Key share when opened, i think it's Access Saver now, since 1996 with approx £1200 in. Should I keep it in the hope of a windfall, or transfer (probably to YBS internet saver) and close, or keep it open with a lower (how much) amount?

Thanks

cheggers

plumb1 wrote:

These 2 or next onmy hit list for £20 SHP

http://www.nfumutual.co.uk/you/guide-to-stakeholder/stakeholder-pensions.htm

http://www.wesleyanfinancialservices.co.uk/content.asp?psinfo=2133|31|!!35970511-A0ED-4042-A76C-772B3CD3590F}|0&PagePath=

NFU Mutual - all policy holders must sign potential windfalls away to charity

Wesleyan - Must be a member for 2 years prior to becoming a member.

Royal London looks the best option anyone know how to bag them cheap????

EdInvestor

Royal London looks the best option

AFAIK it is impossible to become a member of RL as you can only invest in the WP fund via a Scottish Life policy which does not confer membership.

There is some concern about this kind of approach (not just followed at RL) among the remaining life mutuals, because it will inevitably cause increasing risks for the existing member/owners as the business expands in future.

We all know how business risk can impact on members of mutuals, you only have to look at what happened at Equitable This problem was one of the key reasons that spurred the demutualisation at Standard Life.

cheggers

Are they any life companies we can become members of easily???????

silas

Can anyone advise if it is worth keeping the Tesco and Sainsburys saving accounts open for the possibility of any kind of windfall etc.?
Any advice much appreciated

ReportInvestor

No windfall there.

Tesco & Sainsbury shareholders own the company, not savings account holders.

ReportInvestor

There have been quite a few recent newspaper articles to try to raise the spectre / prospect of windfalls / carpetbagging.

This one in September Money Observer is an example & there are more on the link

Unfortunately I don't believe that anyone has yet to do the research that could point people in the right direction. And even if they did, there would be an element of pot luck about it.

Thefunkygibbons

I have just decided to close the BNationwide account

I guess it was my long stop, fund if things got desparate but now I can see better opportunities elsewhere

Rogerb_2

Thefunkygibbons wrote:

I have just decided to close the BNationwide account

I guess it was my long stop, fund if things got desparate but now I can see better opportunities elsewhere

I have nearly done this myself on a few occasions recently but the Portman merger has come quite unexpectedly, which suggests they keep their plans very much to themself, so who knows what is next ?

Nearly also gave up on Portman too, but glad I didn't.

hansi

Me too and all!