TWR 5.11% 72.0¢ tower limited

right issue

  1. 312 Posts.
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    Like capman. my wife and I have an individual life and super policy with Tower for 18 years. We have been
    contributing some money each month towards our policy
    which is part super and life.We bought into their shares
    paying over $4.35 for 800 shares. 2 years ago, they said that if we want to continue with our policy, we have to contribute more for our policy amount has
    been depleted through these years.Since i have retired
    early at the age of 52 years and have roll over super
    with Telstra and also super with Zurich, I've refused to \contribute more towards my policy. I was told that
    we would lose our entire policies. I stated that its okay
    and stop and lose my policy after paying each month
    for so long.
    Since we still have the shares,which is at a lost,I would
    not have faith and confidence inthe management of Tower.All they want is more money from us for the bugngled they have put through with our money.That is to me. This would be in line with what capman stated.
    Its your decision

    minhla
 
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