Please complete the bereavement form and send it to: Some products allow you to invest in funds that can generate income at certain times of the year. Income is created by the growth of the fund, which can be reinvested in your policy or paid to you as a one-time payment. You must use our income allocation form instead of informing us of this form. It is important to regularly review your funds to ensure that what you are investing in matches your attitude towards risks and future plans: you must provide us with certain documents and information. Detailed and up-to-date information on the prices of our mutual funds We will provide further updates on this page where possible and encourage you to check our website for updates. If you receive income from your policy, you will receive a P60 from ReAssure in April or May 2021. This shows all income (and taxes deducted) paid to you by Legal & General and ReAssure in the 2020/2021 tax year. You will not receive a separate P60 from Legal & General. Watch our animation to learn more about life and annuity consolidators and why companies choose ReAssure to support their policies. We have added the marginal note of the independent expert to the supplementary report on this page.

If you already have a ReAssure policy, it will not be moved anywhere and you will continue to use the same contact information as before to contact us. Similarly, the proposed transfer will not make any changes to your policy or the way we manage it, and by hiring more staff, we will ensure that this does not affect the level of service we provide. ReAssure only collects direct debits from the 1st to the 28th of the month. LGAS/ReAssure also contains important clarifications on the law of transfers under Part VII. It expressly confirms that the approval of „sunset clauses”, which are generally intended to resolve problems that arise when a for-profit fund becomes too small to operate effectively, falls within its competence and may be permitted if such clauses are subject to appropriate safeguards. The judgment also clarified that the SIPP portion of the transaction, which included insurance elements and not insurance elements, could be transferred under the court`s ancillary powers. Legal & General, one of the UK`s largest pension and insurance companies, has tried to reassure investors after its pension fund clients were hit by sudden rate hikes and market volatility. Updated UK system This is the legal document that sets out the conditions for transfer to the UK.

Updated March 3, 2020. As is customary for a transaction of this nature, although the economic benefits and risks of the transaction were contractually transferred between the parties on 1 January 2018, the date of signature of the contract, the legal transfer of the company must be carried out in accordance with Part VII of the Financial Services and Markets Act 2000 („FSMA”). Part VII Transfers shall be made by means of a system document which must be approved by the High Court. Herbert Smith Freehills played for ReAssure, while Slaughter and May worked for LGAS. The parties have appointed Martin Moore QC as co-counsel for both parties. ReAssure is a „life insurance and annuity consolidator” that takes policy blocks from other companies instead of creating new ones for new ones. This means that we are experts in the type of transfer you have just undergone. All you have to do is tell us which funds you want to invest in once the change is complete. Read your original police documents if you are unsure of the means available to you, or call us and we can tell you. Since our inception more than 50 years ago, we have adopted the policies of several companies, including Barclays, HSBC, Guardian and now Legal & General. Yes, after the transfer, your investments with ReAssure will continue to be covered by the Financial Services Compensation Scheme, just as before. Sample letter for system administrators The following is a sample letter for existing ReAssure system administrators.

Companion note to an independent expert`s report This is an accompanying note to the independent expert`s report in which he comments on the suspension of ReAssure`s planned IPO. After the High Court approved the transfer of the business from Legal & General to ReAssure, we issued the court order. A hearing at the Crown Court of Guernsey is scheduled for 28 July. However, it will only take place if the Guernsey Court decides that a hearing is necessary. Answers to your legal and general questions about the transfer This document answers some questions that ReAssure policyholders may have about the transfer. UK Scheme: Comparison of the new version with the March 2020 version This shows what has changed since the March 2020 version of the UK Scheme. Sir Nigel Wilson, Chief Executive Officer of Legal & General Group, said: „Our balance sheet and liquidity position remain strong and our business generates a lot of money. If you stay in low-risk funds for too long, you risk missing out on growth in the financial markets and your policies may be more vulnerable to the effects of inflation. Please fill out the details below so that we can match your application to your policy. If you are a former client of the Barclays Life or Retirement Account and wish to change funds, you should call 0800 197 5616.

Or use our online form on www.legalandgeneral.com/existing-customers/investment-support/ and enter grief in the search field. Do you still want to ask for a change of funds? We need the following details to make it useful to have the information at our fingertips: Once we have all the information we need, we will take it from there and keep you updated every step of the way. In addition, the judge considered a number of objections raised by policyholders concerning the fairness of the Part VII procedure. This included the fact that policyholders were not able to coordinate their response, did not have the same access to legal advice as ReAssure and LGAS, and were not sure about the independence of the Independent Expert (IE). However, after reviewing the entire proceedings in Part VII, Justice Zacaroli concluded that policyholders had ample opportunity to raise objections, that these objections had been adequately addressed, that the objections had been fairly presented to the court, and that the FSMA had not provided the necessary resources to coordinate the objections and legally represent the policyholders. Qualified. did not render the Part VII procedure unfair. The judge also strongly rejected challenges to IE`s independence, saying he was satisfied that Mr Gillespie de Milliman „duly fulfilled his obligation as an independent expert in this case”. Hello: In an unexpected trading update, Legal & General (L&G) tried to reassure investors amid the turmoil in the UK government bond market. The transfer certificate confirming the legal effective date of the program has been added and can be viewed here. According to advisors, it took ReAssure months to change clients` investments, falsely tell clients that a fund in their portfolio had closed, and provide advisors with a general lack of client service.

You can also email us at advisersupport@reassure.co.uk. If you provide customer information, be sure to encrypt your message. Filling out this form can take up to 20 minutes, but it replaces the paper form we would have to send to fill it out. Completing this online form could reduce processing time and should be faster than standard paper travel. If your direct debit is collected between these dates, there will be no change in how your payments are collected and assigned. Will there be any changes in the way I pay my premiums? Call Legal & General on 0370 050 0955 between Monday and Friday between 8.30am and 6.00pm. When you think of a life insurance and annuity business, the first thing you probably think of is a business where you can buy new investment or annuity insurance. I can`t find my font(s) / I have fewer fonts than before. For what? Advisors who received bank statements on a given day may receive them on different days, depending on when the payment threshold is reached and the payment is released.

The frequency of commission payments remains unchanged. ReAssure was the subject of hundreds of complaints to the Financial Ombudsman Service (Fos) in the second half of 2020 after advisors complained about an increasingly poor level of service within the company. This led to a massive sale of the pension fund. This was only stopped by the Bank of England`s £65 billion emergency intervention, which helped calm market conditions. This eliminates the originally planned transfer of all savings in legal and corporate services to ReAssure on April 6, 2020. „For the customer who is `sorted,` he was able to backdate the change, but he wasn`t able to perform a loss calculation,” Williams said. Sample letter to policyholders for profiteers This is an example of a cover letter for profiteers of the package of transferred policyholders. We will write to confirm that we have completed the change within the next 10 business days. Fees may apply for implementing a change in funds.

All of our policies allow for at least 20 free fund changes per year. For general inquiries, to update your ISA bank details or to change your online address securely.