Aviva Protection UK Ltd & Anor, In the Matter Of [2025] EWHC 3548 (Ch) (26 November 2025)

Aviva Protection UK Ltd & Anor, In the Matter Of [2025] EWHC 3548 (Ch) (26 November 2025)

The scheme does not have a material adverse effect on the security of benefits, reasonable expectations, or service standards for transferring or existing policyholders. Statutory requirements are satisfied, and the opinions of the independent expert and regulators are given full weight. The objections raised do not alter this conclusion.

Citation
[2025] EWHC 3548 (Ch)
Parties
Applicant/transferor: Aviva Protection UK Limited; Applicant/transferee: Aviva Life & Pensions UK Limited
Jurisdiction
England and Wales
Judgment Date
26 November 2025
Procedural Posture
Insurance Business Transfer Scheme (part VII Fsma) / Final Sanction Hearing
Outcome
scheme sanctioned
Legal Topics
Part VII Transfer, Insurance Business Transfer, Solvency Requirements, Policyholder Protection
Insurance Law Financial Regulation Company Law Part VII Transfer Insurance Business Transfer Solvency Requirements Policyholder Protection

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Parties

Aviva Protection UK Limited

Applicant/transferor

Aviva Life & Pensions UK Limited

Applicant/transferee

Procedural Posture

Insurance Business Transfer Scheme (part VII Fsma) / Final Sanction Hearing

Legal Issues

  1. 1 Whether the court should sanction the insurance business transfer scheme under section 111 FSMA
  2. 2 Whether the scheme has a material adverse effect on policyholders' benefits, expectations, or service standards

Ratio Decidendi

The scheme does not have a material adverse effect on the security of benefits, reasonable expectations, or service standards for transferring or existing policyholders. Statutory requirements are satisfied, and the opinions of the independent expert and regulators are given full weight. The objections raised do not alter this conclusion.

Court Disposition

scheme sanctioned

Orders

  • The insurance business transfer scheme under Part VII FSMA is sanctioned as proposed.