'¡ò100,000 ´ð½à windfalls' ¡Ê¿ÍÌ¿¤Ê¤É¤ò¡ËÃ¥¤¦¡¤¼çÄ¥¤¹¤ë

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´ð½à Life Ĺ¡¤»ØÆ³¼Ô (n)Ìò°÷¡¿(a)¼¹¹ÔÎϤΤ¢¤ë Scott Bell made a Ç®Îõ¤Ê ò´ê to his 2.3m Åêɼ¡Ê¤¹¤ë¡Ëing members to µñÀ䤹¤ë the ͶÏǤ¹¤ë of windfalls and keep the group Áê¸ß¤Î - but he has ǧ¤á¤ë that for many it would »Ùʧ¤¦¡¿Ä¶â to Áª¤Ö for the money.

Windfall Áªµó±¿Æ°¼Ô Fred Woollard puts ÉáÄ̤Ρ¿Ê¿¶Ñ¡Ê¤¹¤ë¡Ë payouts at ¡ò6,000 and a ºÇ¾®¸Â of ¡ò500. Bell said a small number of people with À¯ºös ±ß½Ï¤·¤¿ing soon could collect 'over ¡ ò100,000' and in some »öÎã¡¿´µ¼Ôs, ¤«¤â¤·¤ì¤Ê¤¤ ¡ò1m each, but 'three £´È¾´ü/4ʬ¤Î1s of members would get ¤¤¤Ã¤½¤¦¾¯¤Ê¤¯ than the ÉáÄ̤Ρ¿Ê¿¶Ñ¡Ê¤¹¤ë¡Ë payout'.

Members Åêɼ¡Ê¤¹¤ë¡Ë on 27 June and Woollard needs 75% to ¾¡Íø¡¤¾¡¤Ä. Bell says Åêɼs by MORI for the company show a swing against demutualisation, with the ºÇ¿·¤Î showing 43% against and 18% for. He ¼­Âह¤ëd to comment on a Mail on Sunday Åêɼ showing 82% in favour. What if Woollard gets over 50% but under 75%? Bell said: 'We feel that members will be »¼ºd by change and unless we are ·³Ââd to change, we will not change.'

With unfortunate ¥¿¥¤¥ß¥ó¥°, ´Æ»ë¼Ôs have told ´ð½à Life to Îá¾õ to up to 1m endowment mortgage borrowers ·Ù¹ð them Åê»ñ returns may be lower in ̤Íè. Áܤ·½Ð¤¹ing to ¿®´É¤ò¼è¤ê½ü¤¯ their ¶²¤ì¤ës, it says its endowment À¯ºös have À®¤·¿ë¤²¤ëd °æ¸Í¡¿ÊÛ¸î»ÎÀÊ and some people may need to take no ³èư¡¿ÀïÆ®.

Bell said the board will spend 'at least ¡ò10m' on the ¡ÊÁªµó¤Ê¤É¤Î¡Ë±¿Æ°¤ò¤¹¤ë to stay Áê¸ß¤Î and ¸øÉ½¤¹¤ë¡¿Ë½Ïª¤¹¤ë the ½½Ê¬¤Ê cost at the end. Woollard said: 'This is the same old stuff from ´ð½à Life. Yes, demutualisation is good for you. No, you should not Åêɼ¡Ê¤¹¤ë¡Ë for it. This is a ¾¦Çä¡¿»Å»ö that belongs to the policyholders. How can the board spend ¡ò10m to ¡Ä¤ËÈ¿ÂФ¹¤ë their Íø±×¡¿¶½Ì£s? We will spend under ¡ò100,000; they will outspend us 100 to one.' ʬ¤«¤ì¤Æ, Scottish Provident has had several approaches from possible Æþ»¥¼Ôs, chairman John Foden told the ǯ¼¡¤Î ²ñ¹ç.

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