sale of life services - this could affect you

If you are or have been a life or pension policyholder in either Pearl, National Provident Life, NPI or London Life chances are you are a shareholder in HHG plc. You will have received an information pack from HHG regarding the sale of its Life Services to another company. Yes, that's right, they are selling your policies and assets for £1.025 billion to a group called Life Company Investor Group Limited which only has a track record going back a few years. As a pension policy holder myself (London Life) I obviously don't want to compromise the safety or security of my pension by selling out my HHG interest for a measely few hundred quid. I rang the shareholder information line for help and they were useless, ' we have no information re how this sale might affect policyholders, only how it affects shareholders'. In the absence of more information I would ask other policyholders to do the same as me, return the voting paper and vote against all the proposals mentioning 'LACK OF INFORMATION FOR POLICY HOLDERS'.