On track of Lloyds unit trusts from 1967 Reader found certificate – but finding the investment was challenging My mother died in August, and lodged with Lloyds (the family bank for many years) was an envelope containing a Lloyds Bank First Unit Trust Accumulation Unit Certificate dated 1967 for 420 units. As the executor for my mother’s estate I am trying to track down the value of these unit trusts. The Lloyds branch where the envelope was lodged has not been very helpful. I have also contacted the investment management authority, which traced the unit trust until 2000 and suggested I call Lloyds – to no avail. CL, London The bank could have been a little more energetic with your inquiry, since it takes Lloyd’s press office a matter of minutes to discover that the units became known as Scottish Widows Unit Trusts following the Lloyds TSB’s acquisition of Scottish Widows. In 2002 there was a merger and conversion of all unit trusts to open-ended investment companies (Oeics). Customers subsequently received shares in an Oeics sub-fund equivalent in value to the units they had held. Continue reading... from Network Front | The Guardian ift.tt/1HKhGm9Read More via IFTTT
Posted on: Fri, 26 Dec 2014 09:12:43 +0000
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