Tuesday, May 20, 2008
With NO-profits!
The Scotsman: Standard Life rules out £100m with-profits fund
STANDARD Life has rejected a call to divert £100 million a year from its profits to fund a decade-long programme to fill the firm's endowment policy "black hole".
The plea to bolster the fund, set aside to cover shortfalls in with-profits mortgage endowments, came at the company's annual general meeting in Edinburgh yesterday.
Guess Brown and Darling won't loose any sleep over this issue.....!
Think I'll change my blog name to 'who stole my endowment'!
Posted by rental john @ 09:32 AM (195 views) Add Comment
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