Rothesay Life appeals High Court block on Prudential annuity transfer

The appeal - submitted today (27 September) to the Court of Appeal - will be on the basis that the judgment in the High Court "contains material errors of law", and should "therefore be reconsidered", the insurer said. In the mid-August ruling, the High Court said its decision was due to the insurer's lack of "established reputation" and differing "capital management policies". Rothesay Life has asked the Court of Appeal to set aside the judgment and sanction the transfer. It said: "The appeal is unlikely to be heard for several months and the Court of Appeal will then need time to...