Prudential Seeks Green Light On Transfer After Appeal Win

By Lucia Osborne-Crowley (November 8, 2021, 6:39 PM GMT) -- Prudential Assurance urged a court on Monday to sign off on its plan to transfer £11.2 billion ($15.2 billion) of annuities to Rothesay Life, in its second attempt to get the scheme greenlighted after winning an appeal for another shot at the move.

Martin Moore QC, who represents both the Prudential Assurance Co. Ltd. and Rothesay Life PLC, told the High Court that it should sanction the deal — under which 370,000 policies representing £11.2 billion of annuities would be transferred to Rothesay — because the plan would not have any adverse effects on policyholders.

"The crucial question for the court in exercising...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!