Scottish Provident members have overwhelmingly voted for the demutualisation and transfer of the business to Abbey National. The vote clears the way for what is expected to be a £1.6 billion sterling windfall payments for members. All qualifying members will get £500 in compensation and the majority are entitled to an average of £3,400. The payments are expected at the beginning of 2002.
Vote paves way for payout
Scottish Provident members have overwhelmingly voted for the demutualisation and transfer of the business to Abbey National
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