No confirmation on NU reattribution until 2010

As the firm now wishes to negotiate a variable figure for the reattribution, eligible investors are now faced a degree of uncertainty over how much money will receive. Norwich Union will announce the new value of its inherited estate on 5 March, which is expected to have fallen significantly from the £2.1bn valuation of July 2008. The firm hopes to have negotiated a new deal with policyholder advocate Clare Spottiswoode by early April. However, the legal process, which has to gain High Court and FSA approval, means policyholders will have to wait for more than eight months before know...