Court confirms Aviva inherited estate reattribution | Practical Law

Court confirms Aviva inherited estate reattribution | Practical Law

In this article, Hammad Akhtar, a Senior Associate in Herbert Smith LLP's corporate insurance department, considers the issues raised by the High Court approval of Aviva plc's proposals for the reattribution of its with-profits fund inherited estate, including:

Court confirms Aviva inherited estate reattribution

Practical Law UK Articles 7-500-7385 (Approx. 5 pages)

Court confirms Aviva inherited estate reattribution

by Herbert Smith LLP
Published on 20 Nov 2009 • United Kingdom
In this article, Hammad Akhtar, a Senior Associate in Herbert Smith LLP's corporate insurance department, considers the issues raised by the High Court approval of Aviva plc's proposals for the reattribution of its with-profits fund inherited estate, including:
  • The role of the court in insurance business transfer schemes under Part VII of the Financial Services and Markets Act 2000 (FSMA) (Part VII schemes).
  • The determination of policyholder rights and interests in inherited estate.
  • The role of the independent expert in Part VII schemes.
  • The role of the Policyholder Advocate in reattribution exercises.