Legal and General Bonus statements

I have an endowment with L&G which has not been performing too well (that's another story). I have contacted them today about the lack of a bonus statement for the year ending 31st December 2004. I have been informed by them today that their advisors have been told to tell customers that bonus statements have been "delayed" and will now not be going out till at least the end of April.

Is this something I should worry about (they have been sent out well in advance of this in previous years)

Reply to
Ian
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Probably they are just delayed in processing, bonus has been declared I believe the following link may help:

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Don't know if you will be happy with the amounts shown however!!

If you don't need advice on the continuing suitability of the product, you could always change the agent to

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They will rebate 75% of any commissions payable to the financial advisor who sold you the product. - You should check your original documentation or phone them with your details and ask the current amount of commission being paid.

I do not know your personal circumstances, so please understand, this does not constitute advice.

Important Information Clubfinance is authorised and regulated by the Financial Services Authority. Contact details for Clubfinance can be found under 'Contact Us' section of the website. Payments must not be made to Club finance, but to the relevant product provider. Past performance is no indicator of future performance. The value of investments and the income from them can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Some investments and insurance policies may only be suitable as medium or long-term products. Clubfinance Ltd offers an execution-only service; Clubfinance does not give advice or recommendations. If you have any doubts as to the suitability of a particular product and the agreement underlying it, or you require advice, you should contact another appropriate firm that does give advice on investments or non-investment insurance as applicable. Tax assumptions are subject to statutory change and the value of tax relief (if any) will depend upon your individual circumstances. In the event of any conflict between product literature and information provided by Clubfinance Ltd, the product literature shall prevail.

The information on this posting is intended solely for the use of those people who are United Kingdom residents for tax and investment purposes. It is not for distribution in any other jurisdiction, including the United States of America. Anyone who is not a UK resident should not use the Clubfinance website unless wishing to read about personal finances available to UK residents for informational purposes only.

2005 Clubfinance Ltd, all rights reserved. Clubfinance Ltd. Registered Office: 27 Ramson Rise, Hemel Hempstead, Herts, HP1 2DG, Tel: 01442 389802, Fax: 01442 408651 Registered in England, Registered Number 04522114 Clubfinance Ltd. is authorised and regulated by the Financial Services Authority (400139)

Reply to
david_scrivens

In message , david_scrivens writes

I reckon my FA got about £1000 commission, so I'll get £750 back?

Also I switched to an IFA a few years ago. As he wasnt the one who 'sold' me 'the product' I suppose he will still get his renewal? I dont want him to lose it cos he still gives me free advice.

Am I right?

Reply to
Maninstreet

You only get the commission back that's paid to Clubfinance Ltd. The stuff pocketed by the IFA already will be kept by them I'm afraid. If you'd have gone through Clubfinance in the first instance then you would have got your

750 back, if not more (Brokerage services with Clubfinance for some products pay more than 75% of the initial commission back, as well as 75% of renewal).

If you are getting advice from an IFA you should not change the agent as he will loose his income from you. Remember your advice is not free, the IFA is getting a revenue stream from your renewal commission. You should only change the agent to Clubfinance if you were not receiving on-going advice from the IFA for the product.

Hope this helps.

Reply to
david_scrivens

In message , david_scrivens writes

OK Thanks. So does that mean that you didnt really mean it when you said "They will rebate 75% of any commissions payable to the financial advisor who sold you the product."?

Also, whilst I am aware that a Limited Company is a separate entity, should'nt you really be using the word 'We' or 'I' instead of 'they' in your posts? After all we wouldnt want the readers of this group to get the idea that you were just recommending them from your own experience when in reality you are a Director and Registered individual with the firm.

We dont usually see contributors advertising their services in this group, you see.

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Reply to
maininstreet

Point taken, it was a typing error, could be missinterpreted - should be clear that it is commissions payable following the transfer. Used 'they' as you correctly state it is a seperate legal entity. I included a full disclaimer of important information about the company, which as well as providing useful information, was supposed to ensure that people knew there was a link. Still not sure if 'we' is appropriate, but if I mention the company in any posts I will be clearer of my position, I agree with your view.

Anyone using any financial website or taking on information of a financial nature should always check the validity of the company with the FSA -

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- a check on regulation of people and companies can be found here. As you correctly point out the FSA register will show I am a Director of the company and a registered individual. - This is because I am not disguising my identity, which could be done, and probably is being done, by other people.

Director

Clubfinance Ltd

Important Information Clubfinance is authorised and regulated by the Financial Services Authority. Contact details for Clubfinance can be found under 'Contact Us' section of the website. Payments must not be made to Clubfinance, but to the relevant product provider. Past performance is no indicator of future performance. The value of investments and the income from them can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Some investments and insurance policies may only be suitable as medium or long-term products. Clubfinance Ltd offers an execution-only service; Clubfinance does not give advice or recommendations. If you have any doubts as to the suitability of a particular product and the agreement underlying it, or you require advice, you should contact another appropriate firm that does give advice on investments or non-investment insurance as applicable. Tax assumptions are subject to statutory change and the value of tax relief (if any) will depend upon your individual circumstances. In the event of any conflict between product literature and information provided by Clubfinance Ltd, the product literature shall prevail.

The information on this posting is intended solely for the use of those people who are United Kingdom residents for tax and investment purposes. It is not for distribution in any other jurisdiction, including the United States of America. Anyone who is not a UK resident should not use the Clubfinance website unless wishing to read about personal finances available to UK residents for informational purposes only.

2005 Clubfinance Ltd, all rights reserved. Clubfinance Ltd. Registered Office: 27 Ramson Rise, Hemel Hempstead, Herts, HP1 2DG, Tel: 01442 389802, Fax: 01442 408651 Registered in England, Registered Number 04522114 Clubfinance Ltd. is authorised and regulated by the Financial Services Authority (400139)
Reply to
david_scrivens

In message , david_scrivens writes

Thank you for your clarification. I will now reveal my true Identity.

Reply to
john boyle

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