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If you are currently in receipt of a pension from B&CE (an income in retirement, also known as an ‘annuity’), you are paid a monthly or annual income, which is insured through B&CE.
From 31 October 2013 B&CE is proposing to transfer this business from B&CE Insurance Limited to Partnership Life Assurance Company Limited (Partnership).
Please note that this is subject to a Court Hearing which is planned for 22 October 2013.
You don’t need to do anything, as there will be no changes to the terms and conditions of your pension policy if the proposed transfer goes ahead. The only change will be to the insurer, which is proposed to change from B&CE to Partnership. The amount and the timing of your payment will not change as a result of the proposed transfer.
Note: The supplementary reports should be read in conjunction with the corresponding reports attached.
To find out more about the proposed transfer, please click on the links below:
In the above Part VII notification document, there is a ‘frequently asked questions’ section which may answer any questions you may have. After reading this section, if you have any other questions about the transfer, please contact us using the details below.
Tel: 0800 612 8070*
FAO Ellen Hall
B&CE Benefit Schemes
* Our opening hours are Monday to Friday 8.30am to 5pm.