Standard Life Flotation

[lysander]

I had a with profits policy which matured after twenty years.I put the total sum back in a new with profits and the rest in Standard Life Banking {which I know does not qualify] I was dismayed when I received my expected shares that my previous twenty years were not considered. So much for loyalty! I just wondered if anyone else was in the same position.

[kayakamina]

Try posting on Money and Finance.

[lysander]

I did post it in Money and Finance. Please ignore and I will sort it out. Thanks for pointing it out.

[buildersmate]

Surely the number of shares you get is driven by the size of your with profits policy, not the length of time it has been in there? - subject to a qualifying date. If you'd have put all your funds back in a new With Profits, the allocation would have been greater.

What hacks me off is that if Standard Life directors had recommended going public about 6 years ago when a group of members tried to force the issue, the value would have been so much more than now when they have been forced by market changes to go public. And many of the same people are still in charge.

The money I will make on the shares is but small compensation for the shortfall against my policy when it matures.

[lysander]

Thanks for replying.I do understand what you say I just felt a bit miffed. I attended the A.G.M. six years ago and remember the arrogant board vowing Standard Life would never de-mutualise!!