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Scottish Provident

Underwriting Services transfer from Capita to Scottish Provident
19 February 2010

Following agreement with Capita, underwriting services previously provided by Capita will transfer to Scottish Provident, resulting in the addition of about 80 underwriters for the Glasgow-based protection insurer. The transfer completed on 1 February and took place under TUPE Regulations in consultation with the Unite union.

Gordon Watson, Operations Director, Scottish Provident, commented:

"We're delighted to considerably strengthen our underwriting proposition. The transfer of underwriting services forms part of the ongoing development of our protection offering and our business objectives for 2010. The transfer will allow us to continue to pursue the delivery of a first class protection proposition for Scottish Provident."

-ENDS-

For more information please contact:

Lansons Communications
Louise Wilcox
Tel: 0207 294 3676
louisew@lansons.com

Adam Harwood
0207 566 9725
adamh@lansons.com

Editors Notes:

The TUPE transfer is between Capita and Scottish Provident's parent Royal London.

Scottish Provident

Scottish Provident is one of the leading providers of life, critical illness, income protection and unemployment cover. Recognised by the industry with many awards, Scottish Provident has a wealth of experience and expertise and a flexible product range to suit everyone.

Royal London Group is a specialist financial service provider. Its businesses focus on those sectors of the market which value quality propositions, operating through a number of brands:

  • Scottish Life – UK pensions market
  • Bright Grey – UK protection market
  • Scottish Provident – UK protection market
  • Royal London 360° – offshore investment markets
  • RLAM – fund management
  • RLAS – life and pensions administration
  • Fundsdirect / Ascentric – funds supermarket; Wrap platform

Royal London also distributes life and pensions products through Santander's UK branch networks.

Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £35.9 billion. Group businesses serve around 3.4 million customers and employ 2,800 people. Figures quoted are as at 31 December 2009.



The Royal London Mutual Insurance Society Limited. Registered Office: 55 Gracechurch Street, London EC3V 0RL United Kingdom. Registered in England No 99064.

Royal London Group consists of The Royal London Mutual Insurance Society Limited and its subsidiaries. The Royal London Mutual Insurance Society Limited provides life assurance and pensions and is a member of the Association of British Insurers and the Association of Financial Mutuals. Royal London Savings Limited provides the Individual Savings Account. Royal London Unit Trust Managers Limited provides unit trusts. All these companies are authorised and regulated by the Financial Services Authority.

Group Registered VAT Number 368 5244 27