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How the Market Value Adjustment charge is applied when policy is surrendered?
Wiki User
∙ 2009-01-26 19:20:04
I am trying to cash in a with profits bond with Norwich Union. I spoke to a financial advisor 2 years ago and he told me to wait as the market value adjustment (then around £1,000) would soon be eliminated as the FSA thought it an unfair adjustment. I waited 2 years and contacted Norwich Union today and find the MVA is now 20% (nearly £4,000) I am wondering is this legal and can I do anything to register my compaint to this seemingly unjust charge?
Wiki User
∙ 2009-01-26 19:20:04
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What does it mean by caf in shipping terms?
Abbreviation for "Currency Adjustment Factor." A charge, expressed as a percentage of a base rate, that is applied to compensate ocean carriers of currency fluctuations
What is currency adjustment?
A freight surcharge or adjustment factor imposed by an international carrier to offset foreign currency fluctuations. In some cases an emergency currency adjustment factor (ECAF) may be applied when a charge or rate has been originally published in a currency that is experiencing sustained or rapid decline. The CAF is charged as a percentage of the freight.
What does the abbreviation ACA mean?
Annual Charge Adjustment
What is Currency Adjustment Factor?
A freight surcharge or adjustment factor imposed by an international carrier to offset foreign currency fluctuations. In some cases an emergency currency adjustment factor (ECAF) may be applied when a charge or rate has been originally published in a currency that is experiencing sustained or rapid decline. The CAF is charged as a percentage of the freight.
What does FAF charge mean?
FAF = Fuel Adjustment Factor
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