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Transactions & fund restructuring - maintaining momentum in a changed landscape

Tuesday 16 March 2021 13:30 - 14:30

This discussion will revolve around the latest industry developments including: 

  • introduction to Part VII transfers and Schemes of Arrangement (process, parties involved and recent events)
  • insights and lessons from recent with-profits transactions and restructurings (including Equitable Life and Pru-Rothesay)
  • how firms can apply these learnings to future arrangements
  • the outlook for future with-profits transactions and restructurings (including the impacts of Covid-19 and Brexit)

Thanks to your invaluable feedback following the successful 2020 Life Virtual Conference,  the Life Lifelong Learning Committee have created four brand new webinars that reflect the latest advances and emerging trends influencing the Life insurance sector today. These webinars will be broadcast live on 12 and 16 March. 

This webinar will run from 13.30 - 14.30 (UTC)

If you would like to register or find out more about the other webinars in this March series, please follow the links below:

12 March 10.00-11.00 (UTC) – Implications of Climate Change for Life Insurer's Risk Modelling and Strategic Asset Allocation

12 March 13.30 - 14.30 (UTC) – Integrated resilience: The future of Recovery and Resolution Planning [RRP]

16 March 10.00-11.00 (UTC) – The price is righter


Event organiser

Contact Events Team for more information.

0207 632 1498



Simon Perry, Grant Thornton

Simon leads Grant Thornton’s UK life insurance actuarial team and has over  25 years of experience consulting to insurance companies. Prior to joining Grant Thornton, Simon was a Partner at KPMG. He has led the client delivery on a number of high profile Part VII Independent Expert engagements, and has also acted in a formal peer review capacity on several transfers. Simon has also been extensively involved in a number of life company transactions and demutualisations, and assisted several companies to investigate options regarding the restructuring of life funds. He has advised on options for a transfer of annuity business, including the establishment of an insurance Special Purpose Vehicle. Simon holds a UK practising certificate to act in regulated actuarial roles and has acted as Reviewing Actuary on the audit of a number of UK life companies (with-profits and non-profit).


Cath Gavin, Grant Thornton

Cath joined Grant Thornton in 2020 from the FCA where she was responsible for actuarial scrutiny of a number of complex Part VII transfers and a Transfer of Engagements, as well as transfers of annuity business between funds. Cath has been extensively involved in the regulatory review of Schemes of Arrangement relating to the compromise of GARs and GIRs, as well as a firm’s ‘Chrysalis’ solution, and a conversion from a Friendly Society. Her experience also included ensuring appropriate internal governance, supporting the FCA’s legal team, and liaison with the PRA, and scoping the FCA’s ‘Fair treatment of with-profits customers’ thematic review and carried out regulatory reviews of with-profit products, management actions, and run-off plans. Cath also has experience of developing with-profits models, as well bonus rate setting and other business support across multiple with-profits product types, for a large UK insurer.


Charlotte Midford, Grant Thornton

Charlotte joined Grant Thornton from Phoenix in 2020, having joined Standard Life in 2003. She co-led the set-up of a new internal actuarial function for SL International where she was responsible for actuarial oversight of with-profits, reinsurance and product proposition. Cath has a detailed understanding of the technical considerations of Part VII transfers, which she developed on the SLAL Brexit programme. Work included extensive interactions with external legal teams and responsibility for ensuring technical actuarial design was appropriately reflected in the legal framework, including allowing for interaction with existing Schemes and obtaining senior stakeholder buy-in. Cath also has experience of interacting with BaFin in Germany and the CBI in Ireland, as well as the UK regulators.