Lloyds under pressure to sell Scottish Widows

Anyone know how this would affect anyone receiving a Scottish Widows Pension?

Isn't this becoming a bit of an old chestnut? Would Resolution really be wise to be looking to take on another major transaction so soon? Aren't there a lot more Chinese bidders in the sea, according to the press, than ever came out of it? Some scepticism looks to be in order.

It is difficult to see how Resolution could sensibly undertake yet another large acquistion given the still to be agreed AXA purchase and the over zealous Aquistions made by Pearl (now part of Resolution). SW Policyholders do need to be on their guard as Funds held within the Resolution Conglomerate are performing abismally.

Why sell when it is making good money for the group?

I say keep it. But then I am a shareholder and biased.

Given Resolutions ambitious growth plans it’s hardly a surprised that they get linked to any take over rumours. But this would be a sizeable purchase and so soon after the news about AXA, I remain sceptical. Mind you, if it did go ahead they’d certainly be a force to be reckoned with if they can successfully pull it off.

Economy of scale could indeed enhance SHAREHOLDER value,if Management Quality and Structures are in Place. Given the speed of Acquistions and their sizes and the poor way in which details of the AXA purchase have been released,casts doubts!! Policyholders appear in the wilderness...Annual Bonus's are either Nil or very Low, Final Bonus's are much the same. How Individual and Good Performing Funds will retain thier Identity is uncertain, it is conceivable Funds will be Amalgamated..the Strong supporting the weak. Not what the majority of Policyholders had expected when choosing X Y or Z Fund some years ago.

Stockholders MAY benefit but will Policyholders??

I feel sorry for who ever is going to take over Scotish widows as a new company is going to have to deal with there mess that is still to come out in the Public dommain . Scottish widows destoyed thousands of policies in the take over have you had a chance to get a copy of your policy if so check the details carefuly they might not be yours!

Critically ill and left naked by a fraudulent insurer Scottish widows Plc

Thursday, 22 July 2010

Dear SIR/MADDAM

I need help I tried to make a claim on my critical illness policy to be told that I didn’t have one I asked to see a copy and they sent me a photo copy, I FOUND THE FOLLOWING PROBLEMS:

1) The Tied agents name had changed

2) The start date was 09-12-1997 when I signed in October 1997 as i needed the life policy and critical illness to support my application for my mortgage as it was part of the conditions on the application.

3) I received my mortgage offer before i had signed the application as it is now dated the 09-12-1997 which would have been impossible.

4) They sent me a further report which showed my date of birth wrong and the start date as 2003 when I signed in 1997.

I started legal action against them on my own and made an allegation of fraud to them on my claim form. They produced further documentation to show that I had signed before December 1997 and a copy of a fax to show it was sent prior to the 09-12-1997. I asked to view the original to which I signed they came back and told me it had been destroyed.

They sent me a witness statement from a lady called Kirsty ann. Douglass within that statement it showed that a waiver of premium had been allocated with a sum of money meaning that the waiver of premium must have formed part of the policy.

All of these were put to the judge in Manchester after they applied for summary judgement, i believe they done this to prevent a Trial and the public finding out what they had done to thousands of policies.

When Scottish widows were sold to Lloyds bank in 2000.The judge also explained that he had an account with Lloyds bank.

They then applied for summary judgement and won. I decided I Would appeal on the grounds that the judge didn’t hold up several acts which protect the consumer. I made my appeal with in the correct time period. I submitted the appellants notice and latter on the skeleton argument all sent recorded delivery.

A High court bailiff HAS NOW TURNED UP AT MY House to remove my goods. I don’t have the £20,000 they want for a day’s hearing and i am on benefits and have been from 1998 that is why i have been trying to make a claim but being prevented. I tried to make a claim on my critical illness but was refused as the provision was not there. After receiving a letter from the insurer Scottish widows and accusing them of Fraud I received a further letter to say that they had found a provision in my policy that was free of charge and they were going to let me claim under that provision!

My illness is very rare and they decided i could claim under the terminal illness side so that payment could be made quickly when the lady returned from the Usa Beck Pearson. The lady explained to me that she was the person who put pen to paper .I explained to her that I had out lived the twelve months because of the delay in allowing me to make a claim she explained that this was being done because their offices were being closed and huge redundancies were being made in Chatham. I made the claim under the provision she gave me and followed her instructions I gave them my doctor’s details and a new professor that had taken over my case I signed for the release of the reports and i was sent a copy of the report by each doctor before Scottish widows received them. Scottish widows decided it would write to my old doctor to whom I had left and I had given no consent I had left him because of his lack of knowledge with my illness. They still received a report saying that I had out lived the time and that he didn’t think i would die within the next twelve months. Scottish widows have used this evidence now to get out of not paying my illness. I have since contacted the doctor and he has told me in a form of letter that he was not sent a full copy of the Consent form and he only received the back page showing my signature if he had seen the other two doctors involved he would have not replied.

Since the summary judgement new evidence has been forth coming from the ombudsman as i asked to see all of their investigation file as Scottish widows wouldn’t send me any information or copy documents.

With I the file was a copy of a letter sent to me in 2003 welcoming me to Scottish widows and enclosing a copy of my insurance schedual key feature document and insurance policy. It had been sent to my old address to which i had originally made my application from, but it clearly shows that my policy was reinvented again in 2003 six years after I had made my application.

My own opinion is that Scottish widows was taking money on a regular monthly debit on a low start endowment for a period of 18 months and that I wasn’t to know that I was going to fall seriously ill and that I wasn’t going to be able to work again. I disclosed in the APPLICATION everything I knew about my health I had nothing to hide. Scottish widows knew that my policy hadn’t been started and that they needed to recreate the policy on their new computer system now under the new bank Lloyds.

They prevented a payout by taking off the provisions and they were only highlighted to the fact that no policy was live on their system was when I tried to make a claim.

I have written to thousands of solicitors and my Msn box has over a thousand recorded names and addresses my MP Grant SHAPPS has also tried, Even the Bar Pro Bono unit couldn’t find me a solicitor to help in my circumstances.

Half of the solicitors on the cls web site have left and no longer assist with legal aid work so what is left for the critically ill and disabled people.

The Access to Justice Act 1999 explains that I should be on the same footing as the defendant but I don’t have the money due to my disability and illness.

The Community Legal Service should be there to help people like myself and to up hold our rights and liberties to justice.

I have had to apply on my own to HIGH COURT MASTER to allow me time to send my skeleton argument off to Manchester Court in support of my appeal he has allowed me seven days but i am sure the bailiffs will be back soon.

If you’re a solicitor /barrister who knows anybody who might be able to help me please call me on 01707 690605 or email me ACALDIN@MSN.COM PLEASE PASS THIS EMAIL ON