Clerical Medical Propose To Simplify Business Structure

11/08/2015

Clerical Medical and Scottish Widows are sending letters to clients advising that they intend to reduce the number of life insurance companies within the group from eight to one – Clerical Medical Investment Group Ltd, which will then be re-named Scottish Widows Ltd.

The companies effected will be:

Scottish Widows plc

Pensions Management (SWF) Ltd

Scottish Widows Annuities Ltd

Scottish Widows Unit Trust Funds Ltd

Halifax Life Ltd

Clerical Medical Managed Funds Ltd

St Andrews Life Assurance plc 

This is for information only and no action is required by Clerical or Scottish Widows policyholders. However, a legal change of name requires approval by the High Court which means the change is not likely to happen before the end of the year.

It is important to emphasise there will be no changes to the features of affected policies, including premium collection and payment dates. The change is being made purely to make the Clerical Medical/Scottish Widows business more efficient.

More information can be found at:  www.clericalmedical.co.uk/Transfer2015

If you have any queries, please contact us >>

Written by Clive Shaw | Chief Executive

Clive joined Mantle Financial Planning in 1991 & became Chief Executive in 2007 Read more >>

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