Unclaimed Demutualisation Shares

Windfall from Building Society Demutualisation

Staring with Abbey National  in 1989,  a growing number of building societies and insurers have demutualised;  issuing windfall payments to qualifying members and listing shares on the stock exchange.

Rules governing former building societies stipulate unclaimed shares may  be sold three years after flotation, howevercustomers who can prove entitlement to windfall shares have an additional nine years to initiate a claim.

While the deadline has passed for Abbey National, qualifying customers may still claim cash windfalls from a number of other demutualisations, including Alliance & Leicester, Bradford & Bingley, Friends Provident, Halifax, Northern Rock, Norwich Union and Woolwich and Standard Life.

Qualifying customers should contact the following companies to ensure they have collected their entitlements:

Alliance & LeicesterFebruary 1997250 shareswww.alliance-leicester-group.co.uk
Bradford & BingleyDecember 2000250 shareswww.bbg.co.uk
Friends ProvidentJuly 2001Minimum 200 shareswww.friendsprovident.co.uk
HalifaxJune 1997Minimum 200 shareswww.hbosplc.com
Northern RockOctober 1997500 shareswww.northernrock.co.uk
Norwich UnionJune 1997Minimum 150 shareswww.aviva.com
WoolwichJune 1997Minimum 450 shares0870 429 2432
Lost and Unclaimed Life Insurance Policies
Association of British Insurers
51 Gresham Street
London EC2V 7HQ
Tel: 020 7600 3333
Fax: 020 7696 8999
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