Actuaries' reports

Independent Actuary’s Report
A partner at a leading firm of professional actuaries and consultants, Deloitte LLP, was appointed as an Independent Actuary to review the proposed change in detail and considered whether the Scheme was fair to Included Policyholders and did not materially affect Excluded Policyholders.

Follow this link for a copy of the Independent Actuary’s report (referred to as the Initial Report in the Scheme).

For the Court Hearing on 11 December 2009 the Independent Actuary prepared a Supplementary Report. Follow this link to see a copy of the report.

Follow this link for a copy of final Independent Actuary’s report.

With Profits Actuary’s Report
Every life assurance company in the UK with a with profits fund is required to appoint an actuary known as the ‘With Profits Actuary’. The With Profits Actuary prepared a report concerning the fairness of the Scheme.

Follow this link for a copy of the With Profits Actuary’s report.

For the Court Hearing on 11 December 2009 the With Profits Actuary prepared a Supplementary Report. Follow this link to see a copy of the report.

Follow this link for a guide to how we manage the Phoenix & London Assurance Limited With Profits Fund (Principles and Practices of Financial Management).