The information contained on this page is correct as of 31 December 2006.
On 8 December 2006 the High Court sanctioned the transfer of the life business of certain Resolution companies into Phoenix Life Limited. If you are reading this section you have probably been directed here by a letter we have sent you, one of our national adverts or by your Independent Financial Advisor. If you are interested in what we did and how it works, you can access below the letter and pack we sent to affected policyholders together with a number of documents we submitted to the High Court which approved our plans. Our regulator, the Financial Services Authority (FSA) also reviewed our plans.
Please feel free to read and download any of the documents on the site. These documents tell you what we have done and what the impact is on you. If you have any questions, please call our help line on 0845 9380521.
Reasons for Transfer? Following the merger, in 2005, of Resolution Life Group Limited and Britannic Group plc to form Resolution plc, we transferred the life insurance businesses of the following six companies into Phoenix Life Limited, an existing Resolution company: Alba Life Limited Britannic Assurance plc Britannic Retirement Solutions Limited Britannic Unit Linked Assurance Limited Century Life plc Phoenix Life & Pensions Limited
These changes will help us work more effectively and efficiently as a business. Bringing together the businesses of several companies into one helps us use our resources, including our capital more efficiently, and we believe it will make it easier for you to deal with us in the future. The documents from our policyholder pack have been issued to all impacted policyholders and are published here. They show how we made our decisions. They are:
Documents:
Ex-Alba Life Limited Policyholder Letter
Ex-Britannic Assurance plc Policyholder Letter
A leaflet for with-profits policyholders within the Britannic Assurance Ordinary Branch Fund
Ex-Britannic Retirement Solutions Limited Policyholder Letter
Ex-Britannic Unit Linked Assurance Limited Policyholder Letter
A leaflet for with-profits policyholders of Britannic Unit Linked Assurance Limited
Ex-Century Life plc Policyholder Letter
A leaflet for with-profits policyholders of Century Life plc
Ex-Phoenix Life & Pensions Limited
Phoenix Life Limited (formerly Royal & SunAlliance Linked Insurances Limited)
A leaflet for with-profits policyholders with the 90% fund of Phoenix Life Limited
Policyholder Questions and Answers
The Independent Expert's Report
Click on a document title above to download the document. If you are unable to access any of these documents, please contact us.
The Independent Expert’s report was made widely available and was also placed before the High Court. The report, as its title implies, has been written by an independent expert, whose appointment has been approved by the FSA, and whose role was to consider the likely implications of the transfer for policyholders of all the companies involved in the transfer. A summary of the report can be found in the policyholder brochure.
Technical Information
For further information about the transfer please click here.
Channel Islands and Isle of Man Funds Merger Documents