What this means for you
On 27 October 2023, all Phoenix Life Assurance Limited (PLAL) policies transferred to Phoenix Life Limited (Phoenix), following approval from the High Court on 10 October 2023.
At the same time, *Standard Life policies were also transferred to Phoenix
All of these companies are part of Phoenix Group, the UK’s largest long-term savings and retirement business.
Phoenix is now your policy provider and is responsible for your policy.
*Standard Life refers to Standard Life Assurance Limited (SLAL) and Standard Life Pension Funds Limited
You’ll see very few changes
You’ll see no difference in the day to day operation of your policy as a result of the transfer.
You’ll see no difference to your policy terms and conditions, to the current value of your benefits, to any guarantees you may have, to payments you receive or to premiums you may pay.
If you have a question about your policy you’ll still use the same phone number and speak to the same team of people as you did before the transfer.