A
aaa
Guest
I read that it could take up to 2 years. my 25 year policy matures this summer. does that mean i'll miss out on any windfall.
IFAs should not recommend putting clients into Standard Life with-profits products until the issue of the FSA investigation into its financial strength calculations has been resolved, says Wentworth Rose managing director Philip Rose.
Rose says IFAs should beware a repeat of the Equitable Life situation where clients continued to go into the life office after initial solvency warnings had been raised.
Rose says: "This is the worst of all possible situations, with Standard saying there is an FSA investigation but it is OK to carry on doing business. If there is a problem then the FSA has a duty to say something. This needs a speedy resolution." (Money Marketing)
Are we supposed to believe that no-one in Standard Life Ireland knew what was going on in Standard Life UK?? And if so, is that supposed to reassure us?? There's too much "trust us, we're still as strong as we ever were" in a lot of what they're saying.In the UK they had a lot more time to prepare for this
Standard sold itself on mutuality, consequent low charges, and financial strength. The first two are gone by the board, and the third is now very questionable. Stay away until the picture is clearer.