Making Your Choice
- Making your choice - the guide
- Main report
- Executive summary
- More detail
- Supplementary report
- Witness Statement
- Report of the High Court
proceedings
- Glossary of terms
- Questions and answers
- Timetable
- News & articles
- FAQ video
- Roadshow videos
- Presentations
External reports
The Independent Expert's Report
This section of the website provides a link to the report from the independent expert, Nick Dumbreck. Mr Dumbreck is responsible for assessing the impact on policyholders’ normal benefits of the reattribution and fund transfer (the ‘Scheme’, see below) for the High Court.
http://www.aviva.co.uk/adviser/product-literature/view-document.cgi?f=gn16187c.pdf
The Scheme
Links are provided to a copy of the Aviva ‘Scheme’. In order to initiate a fund transfer under Part VII of the Financial Services and Markets Act 2000 a ‘Scheme’ needs to be drawn up to set out in detail the basis of the fund transfer and the reattribution.
http://www.aviva.co.uk/adviser/product-literature/view-document.cgi?f=gn16186c.pdf
The Actuarial Function Holder's Report
The report of the Actuarial Function Holder (AFH) may be found by following this link. The AFH is an employee of the company and may be a member of the governing bodies he advises. The primary role of the AFH is to consider whether the obligations the company has to policyholders can be met now and in the future, while ensuring that the company appreciates the implications for fairness and the reasonable expectations of its policyholders.
http://www.aviva.co.uk/adviser/product-literature/view-document.cgi?f=gn16191c.pdf
The With-profits Actuary's Report
In conclusion, the report of the With-profits Actuary (WPA) may be found in this section by following this link. One of the main responsibilities of the WPA is to advise the management and directors of a life company on key aspects of the exercise of discretion affecting with-profits business and, in particular, to advise or report on whether, in his or her view, a firm is treating its customers fairly.
http://www.aviva.co.uk/adviser/product-literature/view-document.cgi?f=gn16190c.pdf
The Second Report of the Financial Services Authority
This Report is made in order to provide the Court with information on the position of the Financial Services Authority on the proposed transfers and reattribution.