Standard Life Windfall Eligibility
April 24th, 2006 | POSTED BY ROB
The FT.com goes into the details of the calculations of eligibility for the Standard Life floatation windfalls:
…anyone who took out a with-profits policy before March 31 2004 – will receive a fixed payout of 185 shares to compensate them for loss of membership. On top of this, virtually every member will receive an additional number of shares, based on how long they have held their with-profits investments and how much they are worth.
More articles on the Standard Life demutualisation:
3 Comments on “Standard Life Windfall Eligibility”
Rae Dransfield, June 5th, 2006 at 11:49 am
i have a mortgage and life insurance wirh standard life which i took out inDecember 2004, what will i get in way of a windfall through the floatation , if anything R Dransfield
Rob Lewis, June 5th, 2006 at 12:41 pm
Hi Rae,
From what I can tell, unfortunately I do not think you will be eligible for a windfall payment from Standard Life, as I believe you need to have money in one of their with-profits funds to qualify. I doubt either your mortgage or life insurance will count for this. Always best to check directly with Standard Life though, just to make sure.
Rob.
Standard Life Shares Stock Market Debut / Personal finance and money information, tips and links / Money Watch, July 10th, 2006 at 1:17 pm
[...] After all our talk about the Standard Life demutualistation and floatation, shares in Standard Life finally floated on the London Stock Exchange (stock code SL on the LSE) this morning. [...]
