Over 100,000 former mutual members of Friends Provident now have just two months left to claim their windfall from the demutualisation of the life office in July 2001.
Intermediaries are being asked to recheck their files and ensure all policyholders who are entitled to a cut of the £50m windfall have either received their shares or cash equivalent or make their claim before July 9, 2004.
Remaining shares are still being held under trust, however, those assets which are not claimed three years after the firm’s flotation will fold back into the firm.
A statement from Friends Provident points out any member who has yet to make their claim and does not meet the deadline will still be eligible to receive cash compensation instead of shares until July 8, 2013.
For more information, telephone 0845 070 1170 or write to:
Friends Provident Shareholder Services, PO Box 1550, Milford, Salisbury, Wiltshire SP1 2TW.IFAonline
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