Search for more Public Notices in your area
THE PRUDENTIAL ASSURANCE COMPANY LIMITED
General

In the Court of Session, Scotland THE PRUDENTIAL ASSURANCE COMPANY LIMITED

Notice ID: GLA1897550

Notice effective from
13th November 2020 to 13th December 2020

In the Court of Session, Scotland
THE PRUDENTIAL ASSURANCE COMPANY LIMITED

NOTICE IS HEREBY GIVEN that, on 5 November 2020, the Court of Session in Edinburgh (the Court) granted an order (the Order) in relation to the insurance business transfer scheme (the Scheme), under section 49 of, and Part I of Schedule 2C to, the Insurance Companies Act 1982, which was sanctioned by the Court on 24 September 1997 and under which the long term business of Scottish Amicable Life Assurance Society, a company incorporated under the Scottish Amicable Life Assurance Society's Act 1976 with its principal office at Craigforth, Stirling, FK9 4UE (SALAS) was transferred to The Prudential Assurance Company Limited, a company registered in England and Wales (registered number 00015454) with its registered office at 10 Fenchurch Avenue, London, EC3M 5AG (PAC).
The Order gave the Court's consent, in accordance with paragraph 47.2 of the Scheme, to the amendment of the Scheme (the Amendment) in order to reflect changes made to the management of PAC's withbusiness and to facilitate a merger (the Proposed Merger) between the Scottish Amicable Insurance Fund, to which most of the business of SALAS has been allocated under the Scheme, and PAC's WithSubon terms which are intended to be fair to all policyholders.
Copies of the Order and the Scheme, as amended by the Order, together with other documents providing information about the Amendment are available, free of charge, from PAC's website at pru.co.uk/salaschanges or by calling Prudential Customer Services on 0345 640 3000 (calls will be charged at local rate) or from overseas on +44 178 644 8844 on any weekday (excluding bank holidays) between 8 a.m. and 6 p.m. or by writing to Prudential Customer Services, Lancing, BN15 8GB. These documents will remain available on PAC's website and from Prudential Customer Services until at least 31 March 2022. Policyholders should note that Prudential Customer Services cannot provide legal, financial or other advice in relation to the Scheme or the Amendment. When contacting Prudential Customer Services, please quote the reference "SALAS Changes".
PAC will write to SAIF policyholders with information regarding the Proposed Merger before 31 December 2020. Information on the Proposed Merger will also be made available on PAC's website at pru.co.uk/saifmerger prior to that date.
Dentons UK and Middle East LLP Quartermile 1 15 Lauriston Place Edinburgh EH3 9EP Solicitors to The Prudential Assurance Company Limited

Attachments

GLA1897550.pdf Download

Comments


or Register to leave a comment and/or receive comment alerts.

Related notices