FRIENDLY SOCIETIES ACT 1992
Royal Liver Assurance Limited and The Royal London Mutual Insurance Society Limited
NOTICE UNDER PARAGRAPH 6 OF SCHEDULE 15 TO THE FRIENDLY SOCIETIES ACT 1992 – TRANSFER OF ALL OF THE ENGAGEMENTS OF ROYAL LIVER TO ROYAL LONDON
Notice is hereby given by Royal Liver Assurance Limited, Register No. 35 Coll, whose registered office is at Royal Liver Building, Pier Head Liverpool, L3 1HT, that an application was made on 16 May 2011 to the Financial Services Authority for confirmation pursuant to section 86 of the Friendly Societies Act 1992 (the “Act”) of a proposed transfer of the whole of its engagements to The Royal London Mutual Insurance Society Limited, Register No. 99064, whose registered office is 55 Gracechurch Street, London EC3V 0RL, which is intended to take effect at 00:01 hours on 1 July 2011. Further information can be obtained by visiting www.royallivergroup.com or www.royallondongroup.co.ukor by telephone to Royal Liver Customer Services Team on 0151 600 4664 between 9.30 a.m. and 4.30 p.m. Monday to Friday (excluding public holidays) by 24 June 2011.
A report by the Independent Actuary (the “Report”) has been obtained pursuant to section 88 of the Act. Copies of the Report will be available for inspection at the addresses referred to below between 9.30 a.m. and 4.30 p.m. on any weekday (Monday to Friday, public holidays excepted) up to and including 24 June 2011. The Royal Liver Customer Services Team should be contacted on 0151 600 4664 between 9.30 a.m. and 4.30 p.m. Monday to Friday (excluding public holidays) by 24 June 2011 to arrange an inspection.
Royal Liver Offices Royal Liver Assurance Ltd Royal Liver Building Pier Head Liverpool L3 1HT | Royal Liver Irish Branch Office Establ# Caledonian Life Caledonian House 47 St Stephen’s Green Dublin 2 ishment |
| Offices of Advisers to Royal Liver | |
Clifford Chance LLP 10 Upper Bank Street Canary Wharf London E14 5JJ | Matheson Ormsby Prentice 70 Sir John Rogerson’s Quay Dublin 2 Ireland |
Any interested party has the right to make written representations to the Financial Services Authority and/or give written notice of an intention to make oral representation to the Financial Services Authority with respect to the application. Written representations and/or written notice of an intention to make oral representations from interested parties should be received by the Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS or by email to royallivertransfer@fsa.gov.uk by 3 June 2011 using the reference ToB/110005/jbak and should clearly state why he or she is an interested party and the nature and/or grounds of the representations (whether written or intended oral representations). Where an interested party makes written representations but subsequently decides also to make oral representations, written notice of that intention must also be received by the Financial Services Authority by 3 June 2011. If written notice is given of an intention to make oral representations, these will be heard by the Financial Services Authority on 24 June 2011, at a time and place to be determined by the Financial Services Authority.
In order to reflect the terms of the proposed transfer, changes are needed to the Principles and Practices of Financial Management (“PPFM”) and the Consumer Friendly Principles and Practices of Financial Management (“CFPPFM”) that apply to Royal Liver’s with profits business. These documents set out the manner in which such business will be managed after the proposed transfer takes effect. If the proposed transfer is confirmed by the Financial Services Authority, copies of the updated PPFM and CFPPFM will be available on the Royal Liver and Royal London websites from 1 July 2011.
Clifford Chance LLP (Ref: CMS/HXD/70-40454780), 10 Upper Bank Street, London E14 5JJ.
16 May 2011