Top 4 of 4 law firms for Portfolio Transfers, Insurance Law | Taunton, Somerset
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Portfolio transfers cover the way an insurance portfolio is moved from one insurer to another, usually by a court-approved scheme under the Financial Services and Markets Act 2000. A solicitor in this area coordinates the scheme from start to finish: advising on the legal structure, preparing and filing the court scheme documents, liaising with the regulators the PRA and FCA, drafting the policies and requisite disclosures, and communicating with policyholders and creditors. The aim is to achieve a lawful transfer with clear protections for affected parties.
