Documents
This page will be kept up to date with documentation in relation to the Scheme of Arrangement
If you would like to ask any questions about these documents, or would like to request a
hard copy, please contact the Scheme helpline on 020 3991 0224.
Letters and reports related to the Scheme
- Letter to Investors
- An open letter to investors affected by the Scheme, which explains why the Scheme is being proposed and why LFSL considers it to be in the best interests of Scheme Creditors. Please note, the Letter to Investors forms part of the Explanatory Statement. For all page references after page 9, please refer to the Explanatory Statement below.
- Explanatory Statement
- This sets out the reasons why the Scheme is being proposed, the effect of the Scheme on Scheme Creditors, and explains what would happen if the Scheme is not implemented. It is intended to give Scheme Creditors the information they need to decide for themselves whether they agree with the proposed Scheme and the Settlement ahead of voting. The letter to investors forms Part 1 of the Explanatory Statement.
- Scheme Rules
- This sets out the formal contractual terms of the Scheme. If the Scheme is implemented, the Scheme Rules will become binding on LFSL and all affected creditors.
- How to Vote Infographic
- Notice of Scheme Meeting
- Voting Form
- Finalised Convening Hearing Judgment
- Judgment of Mrs. Justice Bacon approving LFSL's request to convene a meeting of Scheme Creditors on 13 December 2023 to consider and, if thought fit, approve the Scheme
- Court order convening the Scheme Meeting
- Practice Statement Letter
- This was an initial outline and summary of the Scheme and the Settlement. Scheme Creditors should now refer to the Explanatory Statement which provides a more detailed description of the terms of the Scheme and the Settlement, and aims to provide Scheme Creditors with all the information they need before they vote.
- Report of the Chair of the Investors' Committee
- This is a summary of the work done by the Investors' Committee to consider the proposal for the Scheme and its conclusions about it. These are summarised in "Part 7: The Investors' Committee and the Investor Advocate", paragraph 9 on page 54.
- Report of the Investor Advocate
- This is a report of the Investor Advocate addressed to the Court and Scheme Creditors. It summarises the comments and objections that the Investor Advocate has received regarding the Scheme from Scheme Creditors.
- FCA Investigation Summary and the FCA Redress Calculation
- This document summarises the preliminary findings of the regulator's investigation into LFSL.
- How to Vote Infographic
- FSCS Non-objection Letter
- Group Contribution Deed
- The Group Contribution Deed sets out the terms on which the Parent will provide the Parent Contribution and the Scheme Costs Contribution, if the Scheme is sanctioned. This document is summarised at page 30 of the Explanatory Statement in the section entitled "Part 5: How does the Scheme work?"
- Investor Letter 28th July
- Investor Letter 20th April
- CV of Jamie Drummond Smith, Chair of the Investors’ Committee
- CV of Joe Bannister, the Investor Advocate
For historic updates on the WEIF and for other LSFL updates please see here.