Is there no limit to L&G's talent for delay?

Response 30/10/2012 from The Trustee Corporation.

Dear Mr Nichols,

It is frustrating that we are in a position that we must rely on third parties to progress the buy-out. Aegon are still working to agree a buy-out slot as quickly as possible; they have not dismissed the buy-out in any way. Indeed, they are contractually bound to conclude it.

The delay is currently with L&G, who have to provide data to Aegon. Please rest assured that we have put significant pressure on L&G in order to complete the data request for Aegon as soon as possible. They have confirmed that this should be completed by 9 November. In the meantime, we are working with Aegon to secure a buy-out date based on this expected delivery of data.

We will confirm to all members once the buy-out has been concluded but please do contact me if you would like an update in the meantime.

Kind regards,

Philip

Philip W. Sutton Director The Trustee Corporation Limited

It would appear (to the untrained eye of someone who is not versed in these contractual buy-outs) that the data verification which was OK earlier this year is no longer either trustworthy or up to date. 

Please feel free to contact Mr Sutton as soon and as often as you think necessary to keep up to date with progress.