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Widows&#39 windfall is delayed again

Scottish Widows is warning its 1.6 million policyholders they must wait a

further two months before receiving their windfalls from its £6.7bn

takeover by Lloyds TSB.

Widows blames the delay on the sheer scale of the task. It says it has

provided additional options for members to receive their windfalls.

The original options were either a cheque or loan note but members are now

to be also offered a Widows bank account.

Widows had intended to make the payments in June but now says it expects

to pay out in late August.

The average windfall is anticipated to be around £5,600 although some

policyholders could get over £100,000 while the minimum is £500.

A spokesman says: “We had anticipated June but it is taking longer than

expected. The reason for the delay is we have now added a few extra bells

and whistles giving our policyholders extra options.”

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