Friends Provident still seeks members for windfall payouts

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,...