The transfer of business from Legal & General to ReAssure has been deferred
Due to the rapidly changing situation with Covid-19 / coronavirus, ReAssure and Legal & General jointly approached the High Court to seek a delay to the transfer until the situation is more stable. The Judge has confirmed his agreement to this request to adjourn the Hearing and we will continue to speak with the UK, Guernsey and Jersey Courts to ensure new dates are scheduled as soon as practicable.
Although we were fully operationally ready to migrate to ReAssure’s systems, and waiting for the UK and Guernsey Courts’ decision to sanction the Scheme, given the Covid-19 circumstances we have made this difficult decision to delay. We believe this ensures we can offer the best possible service to our customers and helps protect our employees at this difficult time.
This will mean that the initially planned transfer of all Legal & General mature savings policyholders to ReAssure on 6 April 2020 will no longer take place.
This is an unprecedented and difficult time for everyone and we would like to sincerely thank you for your understanding. We’ll provide any further updates on this website and on the LGAS-transfer page when possible and we recommend you keep checking our website for updates
