Making Your Choice

Each chapter in the main report from the policyholder advocate, Clare Spottiswoode CBE, is underpinned by a more extensive appendix which appears here. A number of the chapters are informed by more than one appendix and some have been provided by Aviva. Where more than one appendix appears under a specific section number, those which are followed by the letter ‘A’ are provided by Aviva, and those followed by the letter 'B' are provided by the Office of the Policyholder Advocate or its advisers.

To download the appendices in PDf format, please use the links below

• Appendix 01
  The Reattribution: Roles and Proccess
• Appendix 02
  The Approach of the policyholder advocate
• Appendix 03
  Information: Access and Due Dilligence
• Appendix 04
  The Regulatory Background
• Appendix 05
  Reattribution in Context
• Appendix 06
  Background to with-profits policies and the CGNU Life and CULAC insurance companies
• Appendix 07
  History of Inherited Estates and Reattributions in With-Profits Life Insurance
• Appendix 08
  Risk appetite and capital requirements for life insurers
• Appendix 09
  Investment Policy, Smoothing and Bonus Policy
• Appendix 10
  Equity between policyholder groups
• Appendix 11
  The UK with-profits life insurance industry
  a market review
• Appendix 12
  Economics, governance and regulation of with-profits life insurance business
• Appendix 13
  Equity between with-profits policyholders and shareholders
• Appendix 14
  Approaches to Modelling: Stress Testing, Scenario Analysis and Stochastic Modelling
• Appendix 15
  International experience: Developments in clarification of the rights of participating policyholders
• Appendix 16 A
  The Scheme
• Appendix 16 B
  The Scheme
• Appendix 17A
  Acturial Function Holder's Report
• Appendix 17B
  Acturial Function Holder's Report
• Appendix 18A
  With-Profits Actuary's Report
• Appendix 18B
  With-Profits Actuary's Report
• Appendix 19
  The Independent Expert's report
• Appendix 20
  The FSA preliminary fairness review
• Appendix 21A
  Contributions to the Inherited Estates
• Appendix 21B
  Contributions to the Inherited Estates
• Appendix 22A
  Qualification for pre-reattribution distribution
• Annexe 22A
  Special bonus: your questions answered
• Appendix 22B
  Qualification for pre-reattribution distribution
• Appendix 23A
  Eligibility for reattribution
• Annexe 23A
  With-profits reattribution: your guide to eligibility
• Appendix 23B
  Eligibility for reattribution
• Appendix 24
  Consultation and communication with with-profits policyholders and other interested parties
• Appendix 25A
  Legal issues arising in respect of right & interests in & uses of the inherited estates
• Appendix 25A
  Aviva's Legal Opinion
• Appendix 25B
  Legal issues arising in respect of right & interests in & uses of the inherited estates
• Appendix 25B
  Legal Opinion
• Appendix 1 to Legal Opinion
• Appendix 25B
  Supplemental Legal Opinion
• Appendix 25B
  Supplementary Regulatory Comment
• Appendix 26
  FSA guidance letters and responses
• Appendix 27
  House of Commons Treasury Committee report: inherited estates
• Appendix 28A
  Policyholders' future security and risk appetite
• Appendix 28B
  Policyholders' future security and risk appetite
• Appendix 29A
  Investment policy, smoothing and bonus policy
• Appendix 29B
  Investment policy, smoothing and bonus policy
• Appendix 30A
  With-profits governance arrangements
• Appendix 30B
  With-profits governance arrangements
• Appendix 31A
  Principles and practices of financial management (PPFM) and consumer friendly PPFM
• Appendix 31B
  Principles and practices of financial management (PPFM) and consumer friendly PPFM
• Appendix 32A
  The position of non-electing policyholders
• Appendix 32B
  The position of non-electing policyholders
• Appendix 33A
  Modelling for the purposes of the reattribution
• Appendix 33B
  Modelling for the purposes of the reattribution
• Appendix 34A
  Tax matters in relation to the reattribution
• Appendix 34B
  Tax matters in relation to the reattribution
• Appendix 35A
  Size of the Inherited Estates
• Appendix 35B
  Size of the Inherited Estates
• Appendix 36A
  The pre-reattribution distribution
• Appendix 36B
  The pre-reattribution distribution
• Appendix 37A
  Valuation of the reattributed estates
• Appendix 37B
  Valuation of the reattributed estates
• Appendix 38A
  Aviva's new business assumptions
• Appendix 38B
  Aviva's new business assumptions
• Appendix 39
  Impact of FSA guidance on policyholders
• Appendix 40
  Analysis of expected future special distributions for policyholders and shareholders
• Appendix 41A
  The Aviva offer
• Appendix 41B
  The Aviva offer
• Appendix 42
  Evaluation of the aggregate PIP offer
• Appendix 43
  Allocation of the aggregate PIP between policyholders
• Appendix 44
  The position of non-electing policyholders
• Appendix 45
  Formulation of guidance to policyholders

As these appendices are so extensive they are not available in printed from but they are available as a CD-Rom. If you would prefer to have access to them in that form please

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