Summary
STANDARD Life yesterday revealed that some 320,000 members have yet to claim their windfalls following this week's stock-market flotation - leaving GBP 300 million of policy-holders' money languishing in a trust.
The trust is made up of cash and shares, and will be kept for up to ten years in the event that it remains unclaimed. The Edinburgh firm insisted that it was putting "a lot of effort" into finding the missing members, who come from all over the group's world-wide customer base.See the full content of this document
Extract
Standard Life's Gbp 300m Unclaimed Shares Trust
"The ideal position for Standard Life is to have nothing left in the t...
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