Zurich Part VII Transfer

Welcome to the Part VII Transfer section of our website.

In April 2015, Rothesay Life Plc acquired part of the Zurich Assurance Limited annuity portfolio.

Further to the sale (which was approved by the Prudential Regulation Authority, one of the statutory regulators of financial services in the UK) both Rothesay Life and Zurich have agreed to begin the process of transferring  this part of the Zurich annuity business to Rothesay Life. Transferring Zurich policyholders have been written to by Zurich, explaining the transfer process, and in  the meantime, Zurich will continue to make payments to transferring Policyholders until this process is complete.

The transfer will be achieved through a Scheme of Transfer which will be submitted to the High Court for its approval under Part VII of the Financial Services and Markets Act 2000.

How does this affect Rothesay Life Policyholders?

If you have a Rothesay Life policy, you do not have to take any action. The acquisition will not change the way that your Rothesay Life policy and pension is operated. The same dedicated Pensions team continues to look after the administration and payment of your pension. 

The documents below explain that none of the terms and conditions of policies are affected by the proposed transfer, and that no action is required by policyholders, although we would encourage you to read the materials provided in the Document Library.

Document Library

30 January 2017 Scheme Document - Scheme for Transfer of Annuity Business from Zurich Assurance Ltd to Rothesay Life Plc Scheme Document
30 January 2017
Explanatory Statement: Information for Policyholders Explanatory Statement
30 January 2017 Zurich Assurance Ltd Chief Actuary's Report on Proposed Scheme to Transfer certain Immediate Annuity Policies Zurich Chief Actuary's Report
30 January 2017 Zurich Assurance Ltd With Profit Actuary's Report on Proposed Scheme to Transfer certain Immediate Annuity Policies Zurich With Profit Actuary's Report
30 January 2017 Rothesay Life Plc Chief Actuary's Report of the Independent Expert on Proposed Scheme to Transfer certain Immediate Annuity Policies RLP CA Report
30 January 2017

Report of The Independent Expert on the Proposed Scheme to Transfer certain Immediate Annuity Policies

IE Report
30 January 2017 Zurich Assurance Ltd Annuity Transfer UK Policyholder Letter
Letter To Zurich

30 January 2017

Zurich Assurance Ltd Annuity Transfer Guernsey Policyholder Letter
Letter To Zurich
30 January 2017
Zurich Assurance Ltd Annuity Transfer IoM Policyholder Letter Letter To Zurich
30 January 2017
 

Zurich Assurance Ltd Annuity Transfer Jersey Policyholder Letter

Letter To Zurich
30 January 2017 Zurich Assurance Ltd Annuity Transfer Trustee Letter

Trustee Letter
30 January 2017 Q&A booklet for Zurich Assurance Ltd Policyholders within scope of the Proposed Transfer to Rothesay Life Plc
Q&A

Most computers will open PDF documents automatically, but you may need to download Adobe Reader.

If you are Rothesay Life Policyholder and have any further queries regarding the transfer please click the link below for further contact details.

Contact Us

If you are a Zurich Policyholder and would like to discuss your policy or the transfer, you can call 0800 0853982, or alternatively 0345 2661062. Lines are open from 8.00am to 6.30pm Monday to Friday (excluding bank holidays), and 9.30am to 12.30pm on Saturdays.

Alternatively you can visit the Zurich website for further details.

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