Petitions to Transfer Business
IN THE MATTER OF FRIENDS LIFE LIMITED -and-
IN THE MATTER OF FRIENDS LIFE AND PENSIONS LIMITED -and-
IN THE MATTER OF AVIVA INVESTORS PENSIONS LIMITED -and-
IN THE MATTER OF AVIVA LIFE & PENSIONS UK LIMITED -and-
IN THE MATTER OF AVIVA PENSION TRUSTEES UK LIMITED -and-
IN THE MATTER OF THE FINANCIAL SERVICES AND MARKETS ACT 2000
NOTICE IS HEREBY GIVEN that, on 27 April 2017, an application was presented to Her Majesty’s High Court of Justice by Friends Life Limited (formerly known as Precis (1941) Limited and Friends Provident Life and Pensions Limited) (“FLL”), Friends Life and Pensions Limited (formerly known as London and Manchester (Pensions) Limited, Friends Provident Corporate Pensions Limited and Friends Provident Pensions Limited) (“FLP”), Aviva Investors Pensions Limited (formerly known as Norwich Union Pensions Management Limited and Morley Pooled Pensions Limited) (“AIPL”), Aviva Life & Pensions UK Limited (formerly known as Norwich Union Life & Pensions Limited) (“UKLAP”) and Aviva Pension Trustees UK Limited (formerly known as Norwich Union Pension Trustees Limited) (“UKPTL”) for an order under Sections 111 and 112(1)(d) of the Financial Services and Markets Act 2000 (the “Act”) sanctioning a scheme (the “Scheme”) for the transfer of: (i) the long term insurance businesses of FLL and FLP, including all of their policies, assets and liabilities (other than those to be transferred to UKPTL) to UKLAP, (ii) the in-force annuity business of AIPL, to UKLAP; and (iii) all of FLP’s assets and liabilities arising in connection with the carrying out of its function as the scheme administrator and scheme operator in relation to the Flexible Retirement Account provided by it to UKPTL.
Parallel schemes are being effected in Jersey and Guernsey to transfer policies relating to those jurisdictions or otherwise to comply with local law.
Copies of the full Scheme document, the full report prepared in accordance with Section 109 of the Act on the terms of the Scheme by Mr David King (an Independent Expert, whose appointment was approved by the Prudential Regulation Authority, following consultation with the Financial Conduct Authority) and letters sent to interested parties enclosing policyholder booklets containing a summary of the Independent Expert’s Report and a summary of the Scheme may be obtained, together with other relevant information, by any person free of charge by contacting FLL, FLP, AIPL, UKLAP or UKPTL as set out below or by visiting www.friendslife.co.uk/transfer2017 or www.aviva.co.uk/transfer2017, until the making of an order sanctioning the Scheme.
The application is directed to be heard before a Judge of the Companies Court at the Rolls Building, 7 Rolls Buildings, Fetter Lane, London, EC4A 1NL, on 13 September 2017. If approved, the transfer will become effective at 00.01a.m. (London time) on 1 October 2017. Any person, including an employee of FLL, FLP, AIPL, UKLAP or UKPTL, who alleges that they may be adversely affected is requested (but not obliged) to provide reasons why they consider they may be adversely affected and, if appropriate, notice of their intention to appear at the hearing, to the designated PO Box address below which has been created for the purpose of the Scheme, or by calling the telephone number below, not less than five working days before the hearing. Any person, who alleges that they may be adversely affected by the carrying out of the Scheme may appear at the hearing in person or by counsel or solicitor advocate.
FLL/FLP contact details:
Address: Friends Life, PO Box 3634,
Surrey Street, Norwich,NR1 3EF,
United Kingdom
Telephone: UK: 01603 605 555
International: +44 (0) 1603 605 555
Website: www.friendslife.co.uk/transfer2017
AIPL/UKLAP/UKPTL contact details:
Address: Aviva, PO Box 3637,
Norwich, NR1 3DL,
United Kingdom
Telephone: UK: 01603 605 555
International: +44 (0) 1603 605555
Website: www.aviva.co.uk/transfer2017
If you are a policyholder of FRIENDS LIFE LIMITED or FRIENDS LIFE AND PENSIONS LIMITED or AVIVA LIFE & PENSIONS UK LIMITED (previously known as PROVIDENT MUTUAL, COMMERCIAL UNION, NORWICH UNION or GENERAL ACCIDENT) or AVIVA INVESTORS PENSIONS LIMITED and have lost touch with us, for example through a change of address, please get in contact using the details above.