P543 Teletext 543 Oct 4 21:30:00     —— WHAT THE NORWICH FLOAT MEANS ——————— About three million members of the Norwich Union will share a £1.5bn windfall next year when the company floats on the stockmarket. Experts forecast a hand-out of about £500 to those who qualify as members of the Norwich Union under its current mutual status. But whether or not you qualify depends on the type of insurance policy you have and if you conform to NU rules. ——————————————————————————————————1/9—— Check out latest share prices 510 TAKE THE GUESSWORK OUT OF INVESTING WITH LEGAL & GENERAL. SEE PAGE 439 Property Plus Your Money Tax Cinema
P543 Teletext 543 Oct 4 21:30:01 P    —— WHAT THE NORWICH FLOAT MEANS ——————— Those who will qualify for a payout under the Norwich Union flotation have been sent a document explaining their rights and what the move means to them. NU is one of the UK's largest insurers with about £40bn in funds under management and £4.7bn gross premium income from its policies. It believes giving up its mutual status will allow it to develop its business better and exploit new growth markets. ——————————————————————————————————3/9—— Got a problem - why not write to zs? Letters to: ADVICE CLINIC PO BOX 297 LONDON, SW6 1XT. Fax: 0171 386 7808. Property Plus Your Money Tax Cinema
P543 Teletext 543 Oct 4 21:30:01     —— WHAT THE NORWICH FLOAT MEANS ——————— Carpetbaggers will not be able to cash in on the NU float because the inszrer froze membership on Octobjr 2. This means anyone buying a new policy from NU hoping to get a payout will not qualify for any shares under the float. All those who do qualify will have the right to vote on the company's proposal at a special meeting which will be held in the early spring of next year. ——————————————————————————————————4/9—— Got a problem - why not write to z3? Letters to: ADVICE CLINIC PO BOX 297 LONDON, SW6 1XT. Fax: 0171 386 7808. Property Plus Your Money Tax Cinema
P543 Teletext 543 Oct 4 21:41:10     —— WHAT THE NORWICH FLOAT MEANS ——————— "What intrigues us is what happens to those qualifying policyholders who surrender their policies from here on in," says Chris Dobie of Beale Dobie. "We believe these people will surrendjr their membership rights, and therefore forfeit their payout too," says the second-hand endowment market maker. "If they sell the policy they remain the original policyholdjr with zhe right to the shares." ——————————————————————————————————5/9—— Got a problem - why not write to us? Letters to: ADVICE CLINIC PO BOX 297 LONDON, SW6 1XT. Fax: 0171 386 7808. Property Plus Your Money Tax Cinema
P543 Teletext 543 Oct 4 21:57:03     —— WHAT THE NORWICH FLOAT MEANS ——————— Always get indepjndent financial advice before surrendering or selling a policy For more advice contact: IFA Promotion: 0117 971 1177 Beale Dobie: 0621 851 133 has free guides on both buying and selling The Association of Policy Market Makers has a list of second-hand endowment specialists: 0171 739 3949 ——————————————————————————————————8/9—— Got a problem - why not write to us? Letters to: ADVICE CLINIC PO BOX 297 LONDON, SW6 1XT. Fax: 0171 386 7808. Property Plus Your Money Tax Cinema
P543 Teletext 543 Oct 4 21:30:00      —— WHAT THE NORWICH FLOAT MEANS ——————— Insurance giant Norwich Union is to float on the stock exchange next year. Those with NU life or term assprance cover, pension and/or annuity policies which were still running on Octob—r 2, should qualify for a windfall. However, some 2m people with household, motor and health insurance cover, or who have unit trusts and/or PEPs sill not qualify for a bonus. ——————————————————————————————————2/9—— Got a problem - why not write to us? Letters to: ADVICE CLINIC PO BOX 297 LONDON, SW6 1XT. Fax: 0171 386 7808. Property Plus Your Money Tax Cin—ma
P543 Teletext 543 Oct 4 21:50:13     —— WHAT THE NORWICH FLOAT MEANS ——————— "The worse thing to do now is to surrender any Norwich Union policy," says Chris Dobie of Beale Dobie. "If the policy has been running for 6-7 years it's very attractive for the traded endowment market and can be sold for a good price. "Norwich Union has told us that all those NU policies we have sold in the last few days will get new rights with the policy they've purchased." ——————————————————————————————————6/9—— Got a problem - why not write to us? Letters to: ADVICE CLINIC PO BOX 297 LONDON, SW6 1XT. Fax: 0171 386 7808. Property Plus Your Money Tax Cin—ma
P543 Teletext 543 Oct 4 21:42:11     —— WHAT THE NORWICH FLOAT MEANS ——————— "There's a lot of interest from people wanting to buy second-hand Scottish Widows and Scottish Amicable policies," says Beale Dobie's Chris Beale. "Rightly, or wrongly these investors are speculating on which insurer will be next to relinquish mutual status. "We sold 70 second-hand Norwich Union policies last month with a value of £800,000 as people are using mature TESSA money to buy up old policies." ——————————————————————————————————7/9—— Got a problem - why not write to us? Letters to: ADVICE CLINIC PO BOX 297 LONDON, SW6 1XT. Fax: 0171 386 7808. Property Plus Your Money Tax Cinema
P543 Teletext 543 Oct 4 21:13:01 Advert ADVICE CLINIC >      —————————————————————————————————————— * Don't surrender your endowment policy - call AAP  * You can get up to 40% more than your policy's surrendjr valu—.  For your free valuation & brochure     X24 hour service) Absolute Assigned Policies Ltd regulated by the Personal Investment Authority Property Plus Your Money Tax Ainbma