Contrary to our bulletin earlier this month it rather looks as if progress has been made in negotiations with the Policyhoder Advocate - Claire Spottiswoode, and roughly half of the perceived inherited estate is to be distributed over the next three years to "with profit" bond, pension, and life policyholders.

No mention is made of what is happening to the other half, so presumably negotiations continue, but anyone thinking of surrendering their policy in the next few weeks should hold on until the final terms are received from the Company.