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Bringing together separate companies and funds within our group enables us to make better use of our resources (including capital), reduce running costs and improve the service we offer you. Having fewer companies and brands also makes it easier for you to deal with us.
All our transfers and mergers are approved by the UK High Court and reviewed by our regulators. More information on recent transactions is provided below.
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2025
Transfer of policies to abrdn Life and Pensions Limited
March
We’ve transferred a small number of policies, which were provided by Phoenix Life Limited and branded Standard Life, to a company in Aberdeen Group called abrdn Life and Pensions Limited. You can find out more detail about the transfer on Standard Life.
A guide with more information about the transfer has also been created for policyholders with a Phoenix or SunLife branded policy.
Transfer of European policies
January
The High Court of Ireland approved the transfer of policies from Phoenix Life Assurance Europe dac to Standard Life International dac, another company in Phoenix Group. The hearing took place on 12 November 2024.
The policy transfer took place on 1 January 2025 for customers with Phoenix Life branded Irish, German and Icelandic policies as well as ReAssure branded Swedish, Norwegian and German policies.
More detail is on Standard Life International.
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2023
Transfer of policies to Phoenix Life Limited
October
On 27 October 2023, policies of Phoenix Life Assurance Limited, Standard Life Assurance Limited and Standard Life Pension Funds Limited transferred to Phoenix Life Limited.
On 27 October 2023, all policies of Phoenix Life Assurance Limited (PLAL) transferred to Phoenix Life Limited.
Transfer of EEA policies to Phoenix Life Assurance Europe dac
January
On 1 January 2023, we transferred all of the Irish, German and Icelandic business in Phoenix Life Limited, to Phoenix Life Assurance Europe dac.