Equitable life announces approval from High Court to transfer to Utmost Life
In 2018, we told you that Equitable Life had entered an agreement to transfer the Society and all its policies to ‘Utmost Life and Pensions’ which would result in an increase to their 'with-profits' policies.
On 1 November 2019, the transfer was voted in favour by eligible policyholders. On 4 December 2019, it was announced that approval of the proposed changes has been granted by the High Court.
The proposed changes will be put in to effect on 1 January 2020. We’ll write out to our affected members confirming what this means for them once we have received further information from Utmost Life and Pensions