From: "snuggles" 
Newsgroups: uk.finance
Subject: Re: Norwich Union Policyholder reattribution
Date: 6 Feb 2007 04:46:39 -0800
   posting-account=FFE8Kg0AAADEYm6ILV98viI0dG2r0sq3

On 27 Jan, 15:52, norwich.policyhol...@virgin.net wrote:
> Some members of this forum may have investments with Norwich Union
> which may entitle them to a large finacial pay out. If so, then it is
> likely that they have been contacted by both Norwich Union and the
> Policyholder Advocate regarding Norwich Union's proposedreattribution
> of the Inherited Estate. Norwich Union itself, is pushing very hard
> for thereattribution(too hard in my opinion) when there is actually
> an alternative arrangement, which considerably favours the
> Policyholders in the form of a DISTRIBUTION.
>
> Under the terms of the DISTRIBUTION, the Policyholders are entitled to
> 90% of the Inherited Estate. Norwich Union valued the Inherited Estate
> on 30th June 2006 to be worth =A34.2 BILLION - a huge sum of money.
> There are some 1.2 million policyholders entitled to 90% of the
> Inherited Estate. Thereattributionplan, which Norwich Union is
> proposing, is a plan intended to considerably reduce the amount of
> money which 1.2 million Policyholders would receive.
>
> Policyholders have been effectively excluded from the negotiations by
> Norwich Union's appointment of the "Policyholder Advocate", which it
> is claimed is an independent appointment of Clare Spottiswoode to
> represent Policyholders' interests. the Policyholder Advocate is
> presently being paid an annual salary by Norwich Union of around
> =A3250,000, which, in my opinion, makes the role of Policyholder
> Advocate a very highly paid Norwich Union EMPLOYEE, and thus the
> Policyholder Advocate cannot be INDEPENDENT. As such 1.2 million
> policyholders, entitled to a 90% share of =A34.2 BILLION, are being
> excluded from having proper representation over this issue.
>
> As an eligible Policyholder myself, I am appalled at the sheer
> audacity of Norwich Union's attempt to hoodwink 1.2 million
> Policyholders into being bribed into taking a lesser sum under itsreattri=
butionplan than the 90% share of the Inherited Estate to which
> we are entitled under a DISTRIBUTION. To this end, I have just formed
> another Google Group entitled: " Norwich Union Policyholder
> (reattribution)" where I wish to invite anyone concerned to join so
> that Policyholders can make their opinions known and matters can be
> discussed amongst Policyholders themselves. The group can be found at:
>
> http://groups.google.co.uk/group/norwich-union-policyholder-reattribution=
?hl=3Den-GB
>
> Many thanks
> Dr J Pilkington

Hello,
 I have a Occupational with-profits pension, I don't think I received
a letter. On the Norwich Union Website there is a note saying they
cannot check these pensions and to contactl the trustees. Any new
information would help. Anne