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Anti-money laundering

To comply with Irish anti-money laundering requirements, we must verify the identity and address of all policyholders.

Please note: All documents must be an original or certified copy.

One item of photo identification and one item of address verification must be provided for all policyholders. The forms of evidence we can accept are set out below:

Assignments

Deeds
Draft deeds of assignment can be obtained by contacting the Dublin office on

0345 300 4273. Call charges will vary.

Draft deeds are available for assignment by way of gift only, for all other types of assignment, a legal agreement will need to be drafted. Legal advice should be sought to ascertain the suitability of this deed for the policyholder's' needs.

Segment Assignments
It's possible to assign individual segments. If a number of segments are being assigned, start with the last segment and work forward (e.g. 100-51). If no segment details are entered we'll assume all segments are being assigned.

 

Where the assigned segments remain in force, the life assured details carry over from the original bond set up. It's not possible to change the lives assured on assignment.

What's required?
Anti-money laundering documentation will be required for the assignee i.e. certified copies of in date photo identification and proof of address document dated within the last six months. Please note that the assignee must be at least 18 years old.

 

The original deed or an original certified copy must be received before an assignment will be processed. For FATCA purposes, confirmation of whether the assignee is a tax resident or citizen of the USA is needed – please ensure the declaration included with the deed is completed.

Cashing In
If the policyholder wishes to surrender part or all of the bond post assignment, a Surrender form will need to be completed. If a payment has not previously been made to the assignees bank account, a certified proof of account will be required (This can also be used as address verification).
Important notes (where applicable)
1. Some third parties are unable to split assets as a result of an assignment. In these instances we will need to sell the assets first

 

2. In order for us to process an assignment, the bond bank account should be in a positive balance

3. Where an on-going adviser charge is being paid on the existing bond, this doesn't automatically carry over with the assignment as the agreement was with the previous policyholders and adviser. If any adviser charges are to be carried over you will need to confirm this at the time of processing the assignment. Confirmation will be issued to you and the policyholder once applied

Charging structure

What charges apply?
For more information on charges applicable to the International Bond please refer to our charges and discounts guide.

Claims and withdrawals

Instruct a claim on an International Bond
We can accept the instruction by phone from

the policyholder(s) (we will need to speak to all policyholders) on 0345 300 4273. Call charges will vary. Alternatively, a signed instruction can be scanned and emailed to service@slinternational.ie or posted to  Standard Life International Scanning Unit, Standard Life House, 30 Lothian Road, Edinburgh, EH1 2DH

Note: a certified copy of a bank statement will be required if we haven’t paid to the account previously. Full AML documentation will be needed if payment is being made to a third party. Payments to third parties are completed on a concessionary basis.

Set up a regular withdrawal on an International Bond
We can accept the instruction by phone from

the policyholder(s) (we will need to speak to all policyholders) on 0345 300 4273. Call charges will vary. Alternatively, a signed instruction can be scanned and emailed to service@slinternational.ie or posted to  Standard Life International Scanning Unit, Standard Life House, 30 Lothian Road, Edinburgh EH1 2DH

Note: if we have not paid to the designated bank account previously we will need bank verification in the form of a bank statement dated within 6 months.

 

Notify Standard Life of changes in the policyholder's details
We can accept the instruction by phone from

the policyholder(s) (we will need to speak to all policyholders) on 0345 300 4273. Call charges will vary. Call charges will vary. Alternatively, a signed instruction can be scanned and emailed to service@slinternational.ie or posted to  Standard Life International Scanning Unit, Standard Life House, 30 Lothian Road, Edinburgh EH1 2DH

Note: for any changes where legal documents are required, we will require either an original or an original certified copy to be mailed  Standard Life International Scanning Unit, Standard Life House, 30 Lothian Road, Edinburgh, EH1 2DH. We will return the documents to you.

Death claims

 

When is a death claim payable?

A death claim only becomes payable when the last life assured on the bond is deceased.
 

What's required?

This content is for financial advisers and must not be relied on by anyone else. If you are not an adviser please visit our customer website.