Fidelity embarks on asset separation

The insurer said changing consumer behaviour helped drive strong growth during the year ended December 31, 2025, with customers in­creasingly turning to life insurance, pensions and funeral products to shield themselves from financial shocks.

FIDELITY Life Assurance (FLA) has begun to transfer shareholder assets to policyholders in line with the regulatory asset separation exercise.In July this year, the company indicated that the asset separation implementation plan had been approved by the regulator, the Insurance and Pensions Commission (IPEC), based on submissions that underwent thorough actuarial review and independent assessments…

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