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Friends Provident Share Discussion Threads
Showing 2251 to 2274 of 2275 messages
People power does works they paid in the end.
But Nic died in the meanwhile and was forced to spend much time that he could ill afford fight these inhuman monsters for his rights.
Word has it this is the worse pension provider in operation and even after Nicks case this is what they claim on their web site. Here.....and it simply is not true
Contacting us with your complaint. Friends Life Complaint procedure
To help us address all your concerns quickly and accurately, please give us full details of your complaint, provide us with any supporting documentation and let us know what we could do to resolve the matter to your satisfaction. You can complain by telephone, letter, email or fax - whichever is easier for you.
When we receive your complaint we will either:
Resolve your concerns immediately and respond or
Send you a written acknowledgment promptly and tell you the name of the person or team that will be dealing with your complaint.
Sadly for Nick he had to die to get justice from this totally inhumane company! and all along they ignored the please of his desperate wife!
|Is this the kind of pension provider you really want?
Nic died of cancer. Friends Life cancelled his policy over pins and needles. Let's make them see sense. For media enquiries please call John Coventry at Change.org. on 07984108027
Nic was my best friend. He was a hugely talented guy, a fantastic dad and a loving husband. Nic died of cancer in October aged just 44 years old.
Instead of focusing on his family in his last few months of life, he was forced to spend it battling his life insurance firm Friends Life over his critical illness policy. Despite declaring all previous illnesses, conditions Friends Life cancelled his policy. Nic was convinced that he had given them full disclosure and that when they offered him the policy, they had done their checks. To put it simply, he died of cancer, but they refused to pay over pins and needles. His consultant is outraged at the way Friends Life have treated Nic, and has written to Friends Life, saying: "I think it cruel and highly distasteful that two irrelevant details from his medical history have been used as some sort of pretext to deny him a payment on his critical illness policy."
This has left his wife and kids inheriting a needless battle. Nic was unsure of how this battle would turn out - but I want to try and win it in his memory.
That's why I've started a petition on Change.org demanding that Friends Life pay Nic's family the money they are owed.
PLEASE sign it here: hxxps://www.change.org/en-GB/petitions/friends-life-insurance-friendslifetalk-pay-out-nic-hughes-critical-illness-policy
This petition won't bring Nic back. But it could make a real difference to his family's future. Please join me in telling Friends Life to do the right thing.
You can read more about this case here http://www.guardian.co.uk/money/2012/dec/03/life-insurance-missing-details
Stephen Fry has tweeted about it too, as have many others.
Please sign to help change minds - people not profits.
|FRIENDS PROVIDENT....BEWARE THERE ARE MORE DECENT HUMANE PENSION PROVIDERS OUT THERE...More in due course.|
|Bob, just answered on the RSL thread for you. Cheers.|
|I didn't read the bumf that came through the post.
I've just received a cheque for just under £2k and 324 Resolution shares, could I have bought more Resolution shares at a preferential rate and not got the cash payment?????
|I don't think trading in the new Resolution shares begins until Thursday 5th at 8am but I could be wrong. Don't know if being CFDs makes them any different.|
|thanks...I guess as its a CFD I can trade Resolution Monday|
|Yes, I think so !|
|I have been trading FP last few days and I have a long position of 10,000 bought via CFD. Am I right in saying that from Monday 2nd November I have 9,000 shares in Resolution?|
|I saw these puppies in the news today and then had a look at their long term charts and tricks and smokes and mirrors.
Today FP rose against the FTSE's 100 point plus decline.
I think the charts, volume and fundamentals point to a rally.
Then there is the age old "are they a takeover target question". No-one really knows but its a nice carrot out there with this stock. With a 1.5 bln GBP mcap at the current share price . against the larger brothers Standard Life and Prudential.. FP does have that takeover target feel to it.
Anyway - I am starting discussion about this stock to see what the feeling out there is. Tree shakers and stock rampers.. persuade me!|
|So only 2 more days on the market for Friends, top gainer on the FTSE100 today as Resolution shares jumped today.
Last day of dealings in Friends Provident Shares Friday 30 October 2009.
According to the FTSE Indices website. Notice from 16 October -
"Resolution Limited (UK B3FHW22) will replace Friends Provident Group in FTSE indices based on the offer terms only"
You may well be right....and I don't think the postal strike will intervene...sent early last week.
The play here really was to add to FP holding when it was below 79p....effectively a free call option on RSL going higher in the interim...which of course I failed to do.I am however reasonably opimistic on RSL over the medium term.|
|@ Mikey34. The price has fallen quite a bit since topvest made his comments.
RSL is just a whisker over the break even point at today's close. You'll probably be able to by RSL cheaper in the market next week.
Oh well, with a bit of luck, the postal strike will come to yor aid, i.e. they won't get your letter of election by Friday's cut-off.|
|I have taken the Resolution shares rather than the money....similar thoughts to topvest.|
|Broker recommendation full details
Date: 15 October, 2009
Initiate with Neutral price target 99p
Current RSL share price 92p and 0.9 RSL shares per FP. share in the acquisition.|
|Dividend pay day today, I sold out at the start of the month. Resolution share price hardly moving and consequently Friends is lagging the rise in the insurance sector as well.|
|I'm going to accept the Resolution shares. 4.1p dividend going forwards and the prospect of combining Friend's Provident with another big player in the sector.|
|The scheme of arrangement is purely to avoid stamp duty. It is an arrangement with creditors (ie: the shareholders) rather than an offer to purchase shares. This is becoming increasingly common of late and the IR doesn't like it one bit so it wouldn't surprise me if they put in place legislation to close this loophole at some point in the not too distant future.|
|Thanks, Enami, however, all that that means is that it is a 'reverse takeover'; i.e. the ex FP shareholders will own more of the company ('new' RSL) than the original RSL shareholders. That doesn't mean that a scheme of arrangement is needed.
RSL's cash position is protected by the maximium cash element specified in the deal.
Indeed, the paperwork specifies that RSL reserve the right to make an (traditional) offer if the scheme of arrangement is either rejected by the court, or voted down.
So, the $64,000 question is why did the FP board agree to a scheme of arrangement? They could still have recommended a 'traditional' offer.
There doesn't appear to be any guidance in making submissions to the High Court either; there was in another scheme of arrangement takeover in which I had shares.|
|jeffrey - probably because it is more of a merger than a takeover.
The Resolution capitalisation is much smaller than Friends' (623m VS 1976m) and they do not have the cash to offer.
Maybe RSL are a bunch of asset strippers and we ARE being conned - only time will tell.|
|So, why is this being done by a scheme of arrangement, rather than by an offer for the shares?
This looks like an outrageous con being perpetrated on the shareholders.
Whilst schemes of arrangement are not unheard of, AIUI, there is usually a good reason for them, e.g. the capital structure of the offerree company was complex, a capital restructuring for some other reason, or there were various subordinated debt instruments.
None of that applies here.
So, we are being conned.
All that RSL have to do is get a simple majority of those who vote. Once they get that, everybody is compelled to accept tne takeover terms.
To do that in a normal offer situation, they would have had to set the price high enough to convince 90% of the shareholders to accept, so that RSL could then compulsorily buy in the rest.
I haven't even seen anything in the paperwork that attempts to justify the scheme of arrangement.
Somebeody tell me I'm wrong. >:-(|
|TAKEOVER TIMETABLE ANNOUNCED
LINK TO ACQUISITION TIMETABLE
Last day of dealings in Friends Provident Shares Friday 30 October 2009
Suspension of listing of, and dealings, settlement and transfers in,
Friends Provident Shares by 8.00 a.m. on Monday 2 November 2009
Court hearing to confirm Capital Reduction Tuesday 3 November 2009
New RSL Shares listed, and crediting of New RSL Shares to
CREST accounts (and cancellation of listing of Friends
Provident Shares) by 8.00 a.m. on Thursday 5 November 2009
Trading in New RSL Shares commences(7) by 8.00 a.m. on Thursday 5 November 2009|