Pinsent Masons advises on The Children’s Mutual's Business transfer to Forester Life

03 Apr 2013 | 05:35 pm | 1 min. read

International law firm Pinsent Masons has advised Tunbridge Wells Equitable Friendly Society Limited, trading as The Children’s Mutual, on the transfer of its entire business to UK insurance company Forester Life Limited under Part VIII of the Friendly Societies Act. The deal involved the transfer of 1.2m policies and accounts and management of assets worth over £1.7bn.

The Pinsent Masons team advised on the insurance business transfer schemes approved in the UK by the FSA and the Royal Courts in Jersey and Guernsey, the establishment of governance arrangements to protect the rights of transferring policyholders, a pre-transfer merger of two with-profits funds, the termination of membership rights and the granting of new membership rights in the Canadian parent of Forester Life, and the transfer of administration and investment management services from outsourced providers.

The Pinsent Masons team advising on the deal was led by the Head of Pinsent Masons' Life Insurance practice and partner of the firm, Bruno Geiringer, assisted by partners Simon Horsfield and Raj Sharma, together with Sarah Bond, Ben Laurence, Rachel Cussen, Chris Riach, Sarah Ashberry and Suzie Gibson.

Bruno Geiringer, commented: "Our role was to advise on and then help execute the strategy set by the Society's Board to transfer the business to Forester Life. We have a very experienced team in our Insurance practice which undertakes these insurance business transfers. We were delighted to be appointed by the Society and enjoyed working with the Board and senior managers. Particularly pleasing was the high participation and the positive vote from the Society's members to approve the transfer at a recent Special General Meeting which endorsed the board's strategy."

Graeme McAusland, CEO of The Children’s Mutual, said: "The Pinsent Masons team were a great help to the Society’s Board throughout the whole transfer process. The team have worked positively with all of the relevant stakeholders and guided us through a complex process, particularly at a time of significant regulatory change. We have been impressed with the expertise of the Pinsent Masons team and their constructive working approach. They have played a key part in ensuring a positive and successful outcome for both the Society’s members and customers."

Latest press releases

Show me all press releases

Advising BP on first investment in AI in China

International law firm Pinsent Masons has advised global energy company BP on its investment in energy management tech specialist R&B

Pinsent Masons bolsters its Competition, EU & Trade Group with appointment of Hans Jürgen Meyer-Lindemann in Düsseldorf

Pinsent Masons continues to expand its Competition, EU & Trade Group, with the appointment of competition law specialist, Prof. Dr. Hans Jürgen Meyer-Lindemann, as a partner in the Düsseldorf office.

Pinsent Masons advises HZI on its first Energy from Waste Plant in Australia

International law firm Pinsent Masons has advised HZI on the development of the A$511 million East Rockingham Resource Recovery Facility in Western Australia

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Redington on deal from Phoenix

International law firm, Pinsent Masons, has successfully advised the founders and management of Redington, the independent institutional investment consultant, on an investment deal from Phoenix Equity Partners, a leading UK mid-market private equity firm.

Pinsent Masons advises CANCOM SE on its capital increase

International law firm Pinsent Masons has advised CANCOM SE on its share capital increase, valued at €174.2 million.

Pinsent Masons appoints new Head of Tax Fraud Investigations

International law firm Pinsent Masons has further enhanced its commercial litigation, regulatory and tax litigation practice with the appointment of Andrew Sackey as a contentious tax partner in its London office. Andrew will work with clients across each of the firm's five key global sectors – Energy, Infrastructure, Financial Services, Real Estate and Advanced Manufacturing & Technology.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts