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	Royal Skandia is a leading provider of offshore savings products and offers a range of innovative and market-leading investment solutions to investors around the globe. At the core of all our solutions is a passion for providing the opportunities for you to build a strong financial base, and a commitment that goes beyond money to help you towards your goals. This website gives just a broad overview of our products – for more information, and advice on the suitability of a solution, please contact your professional financial adviser. The content on this website is not directed at and should not be relied on by Hong Kong residents. Royal Skandia Life Assurance Limited – holdings in Kaupthing Singer and Friedlander (Isle of Man) Limited On 24 October 2008 members of the Manx Insurance Association and the Association of International Life Offices petitioned the court for a deferral in liquidation proceedings. This would give the relevant governments and interested parties more time to reach agreement on the release of funds which would benefit all depositors equally, rather than force an action which may prejudice those efforts. The court accepted the petition and adjourned the case for 28 days until the next meeting on 27 November 2008. We would suggest that you regularly check this website – as soon as we have any further updates we will place information here. In the meantime please be assured of the importance Royal Skandia places on this issue, the high level of attention it is receiving and the utmost urgency with which we await its resolution. Impact on charges For all portfolio bonds that have a deposit with Kaupthing Singer and Friedlander we will exclude these assets in calculating any charges due that are based on fund value. Charges will continue to apply as normal on investments in other assets. The waiver on charges will continue until we have confirmation on the value of these deposits with the bank. When this clarification is received we will review the position. This change took effect immediately following notification of the position at Kaupthing Singer and Friedlander and will be taken into account in the next set of charges that are due to be deducted at the end of November, and will be reflected on the next quarterly valuation statements due to be issued in January. View a statement from Mike Simpson - Liquidator Provisionally of Kaupthing Singer & Friedlander (Isle of Man) Limited. Details of the Isle of Man Government's response to the situation can be found at the following web address: http://www.gov.im/cso/faq_gfs.xml Last updated 17 November 2008	Printer friendly version. Glossary. Adviser Extranet. Client Centre.
	Information on this site about Royal Skandia is not intended for Hong Kong residents. Royal Skandia does not offer investment advice and information on this site should not be construed in this way.	© 2008 Royal Skandia Royal Skandia Terms of Business. Group company and regulatory information

Royal Skandia is a leading provider of offshore savings products and offers a range of innovative and market-leading investment solutions to investors around the globe.