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.