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Our strategy is to recreate policyholder value.

We deliver this by:

  • Reducing risks leading to lower solvency capital requirements, so increasing the amount available for distribution.
  • Distributing all of the assets among with-profits policyholders as fairly and as soon as possible.
  • Our aim is that with-profits policyholders leaving the Society receive their fair share of capital, provided there is enough left for those who remain.
  • Carefully managing solvency to enable capital distribution and only then seeking to maximise return.
  • We will reduce the cost base in line with run off while delivering a trusted and valued service.