The Scheme of Arrangement and Transfer to Utmost Life and Pensions completed on 1 January 2020. All of the Equitable’s policies, other than Irish Policies and German Policies, were transferred to Utmost on that date.
With-Profits Policies received an uplift to the policy value and became unit-linked with-effect from 1 January 2020. Any Investment Guarantees have been removed.
Background information about the Scheme and Transfer can be found in the following documents:
Equitable Life Explanatory Booklet Part A
Equitable Life Explanatory Booklet Part B
Information on the investment choices can be found here:
Investment Choice Booklet Part 1
Investment Choice Booklet Part 2
The following legal documents for the Scheme and Transfer are available to view:
The Scheme Document
The Transfer Document
The UK Scheme Order
The UK Transfer Order
The Guernsey Order
The Jersey Order
UK High Court Judgment