Transfers of business
The information contained on this page is correct as of 9 December 2008.
If you are reading this page about our proposals to transfer certain businesses of Scottish Provident Limited and Scottish Mutual Assurance Limited into The Royal London Mutual Insurance Society Limited then you have probably been directed here by a letter we have sent you, one of our national adverts or by your financial adviser.
If you are interested in what we are doing, you can access below the letter and pack we sent to affected policyholders, together with a number of documents we submitted to the United Kingdom High Court which approved our plans.
Our regulator, the Financial Services Authority (FSA) also reviewed our plans and an Independent Expert was selected to review the proposals to ensure the protection of all policyholders involved in the transfers. A copy of the Independent Expert's report is also available below.
Please feel free to read and download any of the documents on the site. These documents tell you what we are planning to do and what the impact is on you. If you have any questions, please call your normal helpline number.
If you are not sure who services your policy. Follow this link to find out their contact details. www.phoenixlifegroup.co.uk/servicecompany.php
UK Timetable of Events
June / July 2008
Documents relating to the transfers, including internal actuarial reports, the Independent Expert's report and policyholder mailing packs were submitted in draft to the FSA for their approval.
7 August
Initial (Directions) hearing held at the High Court of England and Wales at which we asked the High Court for directions about how to communicate information regarding our proposals to policyholders.
From 8 August
Policyholder mailing commenced - letter, Questions and Answer leaflet, brochure and (where applicable) with profits leaflets, sent to policyholders outlining the proposed transfers, their impact, how to find out more and how to raise any queries or objections.
Legal notice of proposed transfers published in the press.
4 December
Final Court Hearing - the proposed transfers were considered, and approved, by the United Kingdom High Court on 4 December 2008. Policyholders were given the opportunity to exercise their rights to object by appearing in person or through a representative.
29 December
The transfers are expected to take effect at 11:55pm on 29 December 2008.
Documents
Click on a document title below to download the document. If you are unable to access any of the documents linked below, please contact us
You will require a copy of Adobe Acrobat reader in order to view these files click here to download a copy.
If you would like this information in large print, in Braille or on cassette or CD, please call our Helpline number.
For Policyholders transferring to The Royal London Mutual Insurance Society Limited
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The Independent Expert's Report
Download FilePDF Document 804KB
An Independent Expert's report will be submitted to the High Court as part of the evidence to support the proposed transfers. The report, as its title implies, has been written by an Independent Expert, whose appointment has been approved by the FSA and whose role is to consider the likely implications of the transfers for policyholders of all the companies involved in the transfers. A summary of the report can be found in the policyholder brochure, but please click above if you would like to download a copy of the full Independent Expert's report.
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Technical Information
For further Technical Information about the transfers click here
Channel Islands Information
Please click here to access additional information relating to the Channel Islands
