Acquisition by Royal London - an update

On 4 December 2008 the High Court of Justice in England and Wales gave final approval for Royal London to acquire Scottish Provident branded protection business. This approval paves the way for transfer of the business to be effective on 29 December 2008 as planned.

What this means for you and your clients

It is very much business as usual. Your contacts at Scottish Provident can be reached in the same way and the Scottish Provident brand remains. Our literature will be updated to reflect the new ownership and our existing policyholders have already been contacted as part of the legal process in the lead up to the court hearing. Information covering questions and answers you may have around subjects like the acquisition, supplies of new literature, business impacted by the transfer and commission statements is available here.

The acquisition by Royal London is excellent news for Scottish Provident and brings long term stability to our business. Royal London is committed to enhancing our proposition and investing in the products and services we offer you and your clients. Royal London also brings further advantages through its mutual status, financial strength and clear customer focus, all of which are particularly relevant in the current climate.

Thank you for your continuing support.