News
Suspension of dividends
Under the terms of the Trust Distribution Procedures (TDP) the Trustee is obliged to commission a full actuarial review every five years. The next actuarial review is due to take place in September 2021. However, given the economic effect of the Covid-19 pandemic, the Trustee considers it prudent to commission an interim review which will […]
FMFP initial dividend
With effect from April 1st 2020 the FMFP initial dividend has been reduced to 40p/£ and the anticipated second dividend to 0.
With effect from Monday 23rd March the T&N Asbestos Trustee team will be working from home until further notice. Claims will still be processed, established and paid.
Christmas closing dates
The T&N Asbestos Trustee Company office will be closed from Friday 20th December 2019 until Monday 6th January 2020.
Second Dividends
In accordance with the Core Values, second dividends will not be paid where the payment is less than £50.00 as the costs are disproportionate.
Claims for immunotherapy treatment
The Trust accepts, in principle, claims for immunotherapy treatment recommended by the treating oncologist.
Amianto Operating Company
On the 31 March 2019 Amianto Operating Company Limited (Amianto) entered into an Agreement with Alix Partners UK LLP pursuant to which Amianto assumed control of The T&N Asbestos Trustee Company Limited from 18th June 2019. There will be no material change in the operation of the T&N Trusts; Anne O’Keefe, James Gleave and Christopher […]
Trust payments
With immediate effect the Trust will cease making payments by cheque. All payments due will be made by bank transfer.
With immediate effect Newalls Insulation Company Limited will cease paying the £5 fixed sum payment.
Expedited and maximum values
With effect from 12 October 2016, the 10th anniversary of the Effective Date, expedited and maximum values will increase as follows: 1. Trust and EL Claims made under the laws of England, Wales, Northern Ireland and Scotland (save for Trust Claims concerning deceased Injured Persons where Asbestos Disease (Levels I, II or III) was causative […]