We received approval for our proposals from the High Court and the Court of Session. The transfer of policies is expected to take place on 27 October 2023.
If you have a Standard Life Buy-In policy or a Standard Life Lifetime Income Plan, then this is provided by Phoenix Life Limited and is not transferring.
You won’t see any changes as a result of the transfer.
What this means for our customers
We received approval from the High Court and the Court of Session to transfer the policies of Phoenix Life Assurance Limited (PLAL) and Standard Life* to Phoenix Life Limited (Phoenix).
All of these companies are part of Phoenix Group, the UK’s largest long-term savings and retirement business.
Your Standard Life Buy-In policy or Lifetime Income Plan is already provided by Phoenix. It is not transferring and will remain with Phoenix.
*Standard Life refers to Standard Life Assurance Limited (SLAL) and Standard Life Pension Funds Limited.
There's no change to the Standard Life experience you know
We applied to the High Court of England and Wales for permission to transfer the policies and to replace a number of previous Phoenix and PLAL Schemes. Standard Life applied to the Court of Session in Edinburgh for approval to the changes to their Existing Schemes.
We received approval for our proposals from the High Court and the Court of Session. The transfer of policies is expected to take place 27 October 2023.
May - August 2023
We wrote to all customers who were impacted by the transfer.
We received approval from the High Court and Court of Session.
27 October 2023
Policies are expected to transfer to Phoenix.