Thinking of getting rid of my Standard Life endowment policy and...
I was wondering if anyone knew what would happen to the "membership" of Standard Life if one of their with profits endowment policies was sold on...
Will the new owner of the policy benefit from the demutualisation pay out (assuming there will eventually be one!) or is this given up when the policy is reassigned?
Also, anyone know / care to speculate on what the demutualisation pay outs to members might be?
In message , john digit writes
Less than it would have been when the members tried to do it a few years ago!
What members tried to do it? They were massively opposed, as I recall, apart from a handful of greedy carpetbuggers.
Doubtless someone will correct us, but my recollection was the result was rather closer than that, largely I guess as the result of apathy or people believing the board's claim that mutuality would always be better for Standard Life (well at least for the next two or three hundred Sundays). At the time peak value could have been obtained for the membership benefits, which quite plainly will not be achieved when it happens in the next couple of years.
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