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| 19/03/2003 00016:18:26 | > [Sigma] Royal Skandia |
| 08/08/2003 00011:42:15 | > [anonymous] |
| 22/03/2004 00013:55:37 | > [anonymous] Royal Skandia - Awful Customer Service |
| 22/03/2004 00020:53:54 | > [anonymous] talk to an IFA |
| 21/12/2007 00013:06:38 | > [anonymous] Was not too impressed |
| 19/03/2003 00012:12:11 | > [Sigma] Brit living in France |
| 19/08/2003 00004:47:14 | > [anonymous] |
| 05/01/2004 00017:30:25 | > [anonymous] Hansard |
| 19/08/2003 00004:53:24 | > [anonymous] GAM |
| 12/01/2005 00008:28:11 | > [anonymous] Where's the best place to leave my money? |
| 06/05/2006 00007:35:32 | > [anonymous] Royal Skandia vs Canada Life |
| 24/01/2007 00017:19:49 | > [anonymous] |
| | [anonymous] I need some advice. My wife and I signed up for a pension fund 3 years ago with RSK. We are expats and wanted to start another investment for retirement. We were contacted by a RSK intermediary and signed up with him. We recently inquired about the investment performance and mentioned that we were planning to repatriate back to the US. To my surprise, I was told that my surrender value would be more than 50% of my contributions to date. The fund itself has not earned any interest at this time either. My wife and I were both lead to believe that we had a 24 month committment to making the agreed contribution amount and after that time, we could option out of the pension fund without penalty. This was how the policy was sold to us and the only way we would have signed up because we knew 3 years ago that we would not be overeas for 20 years longer (term of the agreement). Also, there is a letter stating that if we did move back to the US, "The policy holder must notify Royal Skandia if they take up residence in the USA, or a USA territory, and from the date of the residence no further premiums can be paid and any term in the Policy relating to unpaid premimums shall be contrued accordingly." We are in a state of shock over this as we felt a move back to the US would simply cancle the policy terms and we would be refunded the amount with a small cancellation charge, at worse. Do we have any recourse on this matter? Why would RSK accept a policy from a US citizen for a 20 year term with this type of surrender charge? Shame on us for not being more informed, but we feel the intermeidary misrepresented the terms of the policy. No way did we very think we would be overseas for another 20 years...we've already logged 19 years abroad. Thanks for any advice. I feel we are being wrongly treated. BTW, we haven't been able to contact the intermediary for over a year. RSK has offered not information on his whereabouts, or who is handling the policy. We are obviously very upset. |
| 21/12/2009 00020:21:39 | > [anonymous] |
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