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With profits bond
in Savings & investments
14 replies 2.3K views
>:(Wanted to cash in my Life with Profits bond, with a reputable company. On 1st March, I received a telephone valuation which I was happy with. I posted my written application which was received on the 2nd March (confirmed by the company). In due course I received my cheque which was more than £900 less than the telephone valuation! I complained, and the company apologised and stated that they had introduced a Market Value Adjustment on the 26th February. They offered £50 by way of an apology. I refused the offer and, after several more communications, they are now offering £300. I have contacted the Financial Ombudsman, but little help. Can I get ther company to pay up the full amount?
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