Introduction                   

1. Summaries

1.1 One Paragraph

1.2 One Page

 

2. Family History

2.1 Parents

2.2 As a boy

2.3 Death in family

 

3. Demutualisation

3.1 Share offers

3.2 Halifax advice

3.3 Application

3.4 Stonewalling

3.5 Rejection

 

4. Appeal

4.1 Letters

4.2 Court Case

4.3 1999 AGM

4.4 2000 AGM

4.5 Case Review

4.6 Conclusion

 

5. Other Sites

5.1 UNHAV

5.2 ASA Complaints

5.3 FSO

5.4 Other Sites 

 

6. Press

6.1 Daily Telegraph

6.2 The Express

6.3 The Times

6.4 Other

 

7. Halifax/HBOS

7.1 About HBOS   

7.2 Group Sites

7.3 Personnel

7.4 Halifax Virus

7.5 Other

Halifax / HBOS Demutualisation Experience and Dispute

 

2. Family History

2.1 Parents

My parents were not rich though they were not poor either. My father lived for most of his life in the outskirts of West London and commuted into Central London where he was employed by the then "Ministry of Works" as an administrator. My mother was a full time housewife who looked after the family which included my brother.

Neither my mother nor my father had any kind of financial training, and they relied on advice that was given to them by experts. It would be fair to say that financial services were sold to them, rather than bought by them. Consequently "The Man for the Pru" sold them insurance and they invested their savings in the Halifax Building Society as these organisations at that time had a very positive friendly corporate culture. Even today, I recall from 30-40 years ago "The Man from the Pru" collecting the life and house insurance premiums.

Throughout my parent's lives, they always had a high regard for these organisations and placed absolute trust in them, because they believed they had a fair deal. I will not suggest that they had the best deal, only that they were satisfied with the service they received and the price they paid, and that was all that mattered to them.

In the late 80s, my parents sold their property in West London, and bought a small bungalow in Bognor Regis where they lived out their retirement on their Civil Service pension which afforded few luxuries. However, they continued to retain their savings solely in the Halifax Building Society.

It was very sad and a great shock when my father passed away unexpectedly in early January 1997. My mother passed away the following year having suffered over 6 years with Alzheimer's disease and she recognised nobody in her latter 3 years. This was so sad and so I ask if you support any charity, please support the Alzheimers Society.

 

 

 

Page created on 26 June 2002, last updated: 22 October 2006 22:54

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