Icon Questionmark

Questions and answers

These were prepared to assist policyholder in coming to their decision about the Aviva offer to buy out policyholders interest in the inherited estates of CGNU and CULAC. The reattribution was approved in the High Court on 19 September 2009 (see ‘News & Articles')

 

View most popular questions »

There are 12 results for your query: Page 1 of 1

1

Eligibility

01) Am I eligible?

02) How is eligibility decided?

03) My policy matured/expired recently, am I eligible?

Reassurance

18) How will my policy be affected?

19) Who is the Independent expert?

20) Why have Aviva appointed Nick Dumbreck as an Independent expert?

Glossary

42) What are the inherited estates?

43) What is a distribution (Special Bonus)?

44) What is a reattribution?

Technical Support

45) Where have the inherited estates come from?

46) What is the policyholder advocate and why do we need one?

47) Who are the FSA?

The Process

49) I have received a letter/heard something in the press, what is happening/why?

50) Who owns the inherited estates, is this policyholder’s money anyway?

51) What is a 90:10 fund?

About Clare and her role as policyholder advocate

105) How does Clare feel about the proposed reattribution?

106) Am I paying for the policyholder advocate?

107) What is the policyholder advocate and why do we need one?

The Financial Services Authority

123) Will the reattribution go ahead?

124) What are the uses of the inherited estates?

125) The FSA response states that the company can use the estates to subsidise new business, what does this mean?

The Special Bonus/Distribution

129) My policy has matured already will I be eligible for the Special Distribution?

131) What is the meaning of this 90/10 payout?

132) Do I have to wait for 3 years to get this complete payout?

The Treasury Committee

143) Why has it taken this long to be investigated?

144) How did the hearing effect the reattribution negotiations?

145) Is there a chance that Aviva might withdraw the offer should the stock market continue to decline?

The Deal

148) What's the average amount being offered?

149) What about if their policy matures before the vote? Will policyholders have to stick around for 3 years as they do for the special distribution?

150) What's the average payout and what's the largest?

Trustee Specific

177) Who is entitled to cast a vote via an occupational pension scheme, the trustees or the scheme members?

178) How are payments distributed in respect of occupational pension schemes investing in eligible policies?

179) How many votes are allocated to an occupational pension scheme investing in an eligible policy?

Voting

188) Can I vote by any other means? Phone/email?

189) Will I receive a receipt once Aviva has received my vote?

190) It has been more than 10 days since I voted and I have not received an acknowledgement. What should I do?

There are 12 results for your query: Page 1 of 1

1

[ « back to top of page ]