Spottiswoode in new FSA attack after Aviva reattribution approved

Scott Sinclair
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The High Court has today approved plans for Aviva's reattribution of its inherited estate.

The decision paves the way for the deal to be concluded as scheduled on 1 October and for the vast majority of payments to be made to customers before the end of the year. Aviva is proposing a windfall of not less than £200 and up to £1,150 - less than originally promised - be paid to with-profits policyholders holding CGNU and Culac policies that were in force on 21 November 2006. In return beneficiaries will surrender any future interest in the funds' surpluses. Policyholders have an individual choice on whether they accept a cash offer. Those who vote yes will begin receiving pa...

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