Scottish Widows: £70m unclaimed payouts

Thursday, 17 September 2009 12:00

Scottish Widows is searching for thousands of policyholders who have not yet claimed cash windfalls due to them.

Around 1.6million members of the former Scottish Widows Fund & Life Assurance Society received payouts in March 2000 when the organisation demutualised.

However, there are still 33,900 who have not come forward to claim their share of over £70million, which could be worth an average of £2,070 to each policyholder.

Scottish Widows said, even qualifying members who only held non-profits policies would receive at least £600.

Graeme Hartop, the firm’s managing director, said: “If anyone believes they may be due a demutualisation payment from March 2000, we would urge them to visit for full details of how they should get in touch.”

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