Canada Life Limited with its registered office at Canada Life Place, Potters Bar, Hertfordshire EN6 5BA, United Kingdom, intends to transfer parts of its life insurance portfolio to Scottish Friendly Assurance Society Limited with its registered office at Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ, United Kingdom.
According to information from the British supervisory authority, this includes contracts with insurance policyholders in Austria.
Pursuant to Article 31 para. 2 VAG 2016 a termination right exists for insurance policyholders.