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Prudential Assurance Company Ltd (Prudential) and Rothesay Life
plc (Rothesay) successfully overturned the English High Court s
refusal to sanction the proposed transfer of a portfolio of
annuities from Prudential to Rothesay. The Prudential/Rothesay case
had already been distinguished by another English High Court judge
in
Re Legal and General Assurance Society Ltd and
another [2020] EWHC 2299 (Ch). We explained the reasoning
behind this in our article on the case, see
here.
On 2 December 2020, the Court of Appeal in England overturned
the High Court judgment of Snowden J in the Prudential/Rothesay