Reattribution they call it.... but my experience of Norwich Union is that they are devious bastards. Anyone can explain in simple terms please what this "reattribution" involves...and the pros and cons for the future bonuses now that the stock market has returned back to good times?
I agree. Norwich Union can't be trusted.
For years I have been receiving endowment statements telling me there is a high risk of a shortfall on my 8 year old policy which has another
6 years to run before it pays out what will probably be a fraction of what I was "promised" by my IFA.Then suddenly, out of the blue, a letter arrives advising that they have "found" some extra profit and they plan to "give" it to their investors.
"Thank you Norwich Union. You are wonderful and I'm really grateful for the windfall that you are about to provide me with". (note the strong hint of sarcasm).
They need to get their house > Reattribution they call it.... but my experience of Norwich Union is that
That's how with profits funds work. If you don't like it, then maybe you don't have the right sort of investment.
According the IFA that talked me into buying this policy it was exactly the right sort of investment I needed.
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