Announcement

Park Row customers who think they may be affected by the recent FSA censure of Park Row do not need to do anything at this time. Park Row has commissioned KPMG to undertake an independent review of investment advice given to customers. The review will cover business written by Park Row advisers during the period June 2006 through to November 2009. KPMG are a highly respected firm who will identify if any customers are at risk of having received inappropriate advice. Customer files will be independently reviewed to assess whether they demonstrate suitable advice. If there is a risk that the sale was unsuitable when the files is reviewed or there is not enough information to determine suitability then KPMG will write to the customer with detailed information about those concerns inviting customer feedback. Customer contact has already commenced and is likely to continue for several weeks but KPMG hope to have assessed most cases by the end of March 2010. Following contact those customers with concerns will receive regular updates. Customer with queries should call our dedicated free phone number 0800 9709752. Alternatively customers can email contact@parkrow.co.uk.

Park Row has announced the closure of its Adviser Division and wind up of its operational business, following a strategic review by its parent, Royal Liver Group. This means our advisers were de-authorised from November 13th and have been unable to give advice on behalf of Park Row from this date. The closure of Park Row will see the solvent liquidation of the business during the first half of 2010 and we are working with our regulator, the Financial Services Authority (FSA), to ensure this liquidation does not disadvantage or cause significant disruption to our clients. Park Row is committed to ensuring our advisers transfer to other Independent Financial Advice businesses so most advisers will be able to resume their relationships with clients in the near future. If you have an ongoing need for financial advice or queries with existing plans we recommend you contact your existing adviser. Alternatively if you would like more information, please call 0113 243 0154.