Re: norwich union wth profits reattirbution


"Tim" <me@xxxxxxx> wrote in message news:5eadnYrig7x-7GPbRVnysAA@xxxxxxxxx
"biggirlsblouse" wrote
...
Can anyone tell me why this considerable fund should be
"reattributed" (stolen and given to shareholders possibly) ...

"Tim" wrote
"Stolen" from whom?
Who do you think it belonged to before?

"biggirlsblouse" wrote
It belongs to the withprofits policyholders ...

Why do you think that?

"biggirlsblouse" wrote
... to which it would have provided a fair bonus ...

But bonus is declared through a (usually 90/10) "gate", isn't it?

"biggirlsblouse" wrote
... not taking it away to "develop future
business". That what the normal profit is for.

Eh? "Developing future business" is surely one of the
best things to use the inherited estate for, which would
then benefit both shareholders *and* policyholders
when the profits from that new business is released...

Well I have to say that if it is 90/10 gate then we have been shortchanged
for at least 3 years!... because the amount of bonus over my entire 10 years
investment has hardly achieved RPI (if you include the bonus as compounded)


.

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