On Sat, 20 Jun 2009 16:17:39 +0100, "BigGirlsBlouse"
wrote:

I see that radio 4's moneybox is recommending acceptance of their offer
despite it not being 90/10, on the basis that the inherited estate isnt the
present policyholders'....if thats the case then they should have paid
previous bondholders more in the past and should trace them all and pay it
all back on the basis of 90/10!

...and while we are on the subject... at one stage they are were offering a
lot more on the basis that it was surplus for the income "smoothing
process", then down came the stock market and they suddenly decided that
they did need more of it after all!!...what hypocrisy.

They don't have any surplus since many current policies will have a
shortfall.

IMHO any such "inherited estates" should be used to pay current policy
holders. One of the reasons we are in this mess is they didn't smooth
properly and paid out too much in the past.

--
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