Save & Propser

Important Save & Prosper Announcement, 31st December 2011

For information about the Save & Prosper range of funds, please click here.

In December 2010, Chesnara plc (‘Chesnara’) announced that it had completed the acquisition of Save & Prosper Insurance and Save & Prosper Pensions (Save & Prosper) from JPMorgan Asset Management. Chesnara is a UK listed holding company whose strategy is to purchase and manage life assurance assets.

In September 2011, Chesnara announced that it was proposing to merge the Save & Prosper business with the business of its existing UK life assurance company, Countrywide Assured plc, by a process known as an “Insurance Business Transfer Scheme” to be carried out under Part VII of the Financial Services and Markets Act 2000. This Scheme was approved by the High Court of Justice on 15th December 2011, and became effective on 31st December 2011.

Full details of this transaction, including links to the “Policyholder Circular” that was sent to all policyholders and other documents associated with the merger, can be found on the Chesnara website.

The administration of the policies issued by both Save & Prosper Pensions and Save & Prosper Insurance is still carried out by the same team based in Romford, and so if you have any questions about a Save & Prosper policy, please call us on our Customer Services number, 0845 3000 144. Our telephone lines are open between 9am and 5.30pm, Monday to Friday, and are recorded to ensure compliance with our legal and regulatory obligations and internal policies.

Alternatively, you can write to us at the following address:-

Countrywide Assured plc
PO Box 2923
27-43 Eastern Road
Romford
RM7 1PE

All the information that was previously on this website concerning the funds that Save & Prosper policies are invested in, can now be found on the Countrywide Assured website.