Proposed transfer of engagements to Forester Life and Special General Meeting
What is happening?
The Society’s Board has unanimously recommended that Members support a proposal that the whole of the Society’s business be transferred to Forester Life Limited.
A Special General Meeting of the Society is being convened on 11 February 2013 to consider this proposal. If you are a Member of the Society and aged 18 or over, you will be eligible to vote to approve this proposed transfer.
On 7 January 2013, Members and policyholders of the Society were sent an information pack about the proposed transfer, including the notice of Special General Meeting detailing the date, time and place for this meeting, a question and answer section and a detailed explanatory booklet and covering letter to Members and policyholders.
[Voting has now closed. Please see our results page]
If the proposed transfer is approved by the Members of the Society at the Special General Meeting and subject to the approval of the Financial Services Authority and various other conditions being satisfied or waived, the transfer to Forester Life is expected to be effective on 2 April 2013. The Society will cease to exist after that date. All policies written by the Society will be transferred into a separate fund within Forester Life.
We will update this site with the results of the voting at the Special General Meeting and if approved at the Special General Meeting, we will provide details of subsequent events leading up to the transfer becoming effective.
Information about the proposed transfer including copies of the information pack sent to Members is available to download below, along with other relevant information.Letter to Members (68.9 KB) Explanatory Booklet (413.9 KB) Questions and Answers (212.2 KB) Forester Life introduction letter (599.9 KB) Notice of Special General Meeting (198.4 KB) Proxy Form (447.0 KB) Independent Actuary’s report (639.9 KB) Instrument of Transfer of Engagements (201.6 KB) Post transfer Principles of Practice and Financial Management (Tunbridge Wells Fund PPFM) (1.3 MB)
Jersey and Guernsey resident policyholders
If you are resident in Jersey and Guernsey, further information about the transfers affecting your policy can be found at Jersey and Guernsey page.