In March 2007 Prudential announced that it was considering a possible reattribution of the inherited estate in the with-profits sub-fund of Prudential Assurance Company. As part of this process, I was nominated by the company as the independent Policyholder Advocate to represent the interests of policyholders in any reattribution. Nomination covered the initial fact-finding stage where I gathered information, familiarised myself with the issues and began my preparations for appointment.
Prudential has announced today that it has decided not to proceed with a reattribution of the Inherited Estate. What this means is that I will not be appointed as Policyholder Advocate to represent Prudential with-profits policyholders.
I had been looking forward to representing policyholders and engaging with Prudential on your behalf, if appointed. I am grateful for the support that I have received and would like to thank those policyholders who have contacted me.
Peter Bloxham
27 June 2008
Peter Bloxham's statement regarding Prudential's announcement of 27 June 2008 can be found here.
If you would like to read the report and recommendations following the Committee's hearings into Inherited Estates please follow the link below.
http://www.publications.parliament.uk/pa/cm200708/cmselect/cmtreasy/496/496.pdf
Prudential Nominated With-Profits Policyholder Advocate, PO Box 60270, London, SE1 2AQ
