Policyholder Scheme Vote 2012
The Scheme of Arrangement that was overwhelmingly approved by our policyholders at the meetings on 31 May 2012 was sanctioned by the High Court on 28 June 2012.
A copy of the Chairman’s letter to policyholders explaining the Scheme is available here.
The Scheme clarifies how Reliance Mutual is run and the future entitlements of policyholders, particularly those with profits policyholders in the main sub fund.
The Scheme provides us with a firm and certain base from which to continue our successful strategy of writing new non-profit business, and acquiring blocks of business from other insurers – putting into use again our considerable experience in the business transfer and acquisitions market for life assurance and pensions.
For insurers interested in the benefits available to their customers by transferring to us please see our acquisitions page here.
For organisations seeking a partner to provide exciting and innovative life and pensions products for the UK and European markets please contact Philip Bowden, our Head of Strategy Implementation, on 01892 773284.
For firms or professionals seeking more information about how the Scheme was achieved, please contact Roger Eastwood, our Company Secretary, on 01892 773234.
Calls may be recorded for training or monitoring purposes