From: "adrian" 
Newsgroups: uk.finance
Subject: Re: Market Value Adjustment
Date: Sun, 21 Sep 2003 20:05:36 +0200

I did call them - I have three policies and each one had a value and then a
surrender value some 3% lower for the MVA...  It would appear I am stuck
with it!

"No Flipping"  wrote in message
news:3f68cd21$1_1@mk-nntp-2.news.uk.tiscali.com...
> "adrian"  wrote in message
> news:bk7gc5$vkl$1@news-reader2.wanadoo.fr...
> > The fund is split between a 'managed life' funs and a 'with profit'
fund.
> I
> > presume that is why there is the MVA?  And they are unitised so no use
to
> > anyone else...
> >
> > Thanks for the info.!
> >
> > "Rob Graham"  wrote in message
> > news:bk7efb$q6b6j$1@ID-169269.news.uni-berlin.de...
> > > > I have heard that some life companies have been lifting their MVAs
> when
> > > ones
> > > > sells an endowment.  Anyone heard whether Abbey Life are to follow
> suit
> > or
> > > > how I might argue my way around it?  Is there a better time in the
> > > > month/year to sell to minimise it?
> > >
> > > AFAIK Abbey Life does not have any with-profits funds and it's only
> > > with-profits that suffer MVAs. Unit linked funds go up and down with
the
> > > weather so they reflect the true value of the fund and do not need the
> > > protection of an MVA. Can you confirm that your funds are
with-profits?
> > >
> > > Rob Graham
> > >
> > >
>
> You might be one of the 1,000 with-profit customers that Abbey Life have
> (formally Target Life or was it Hill Samuel Life business).  Despite what
is
> said above, Abbey Life do have a small (£30m I think) with-profit fund.
But
> I don't think they have MVAs on those classes of policies.  Phone them up
> and ask the nice person who answers the phone.
>
>