Phoenix is a group of FSA authorised life assurance companies which are owned by Pearl Group Limited

The History of Phoenix life Assurance

In September 2004, Resolution Life Group Limited bought the UK life funds of the Royal & Sun Alliance Group which included
the UK life funds of Royal & Sun Alliance Life & Pensions Limited and Royal & Sun Alliance Linked Insurances Limited.

Then in April 2005 Resolution Life bought Swiss Life (UK) and decided to combine the former Royal & Sun Alliance and Swiss Life (UK) funds, at the same time re-branding all the policies within it to Phoenix.

On 15 April 2005 Resolution Life changed the names of Royal & Sun Alliance Life & Pensions Limited to Phoenix Life & Pensions Limited and Sun Alliance & London Assurance Company to Phoenix & London Assurance Limited.

In September 2005 Resolution Life Group Limited merged with Britannic Group plc to form Resolution plc.

Resolution plc was restructured and on 29 December 2005, Royal & Sun Alliance Linked Insurances Limited was renamed Phoenix Life Limited.

In September 2006 Resolution plc bought Abbey National plc’s life companies.

Abbey National Life plc was then re-branded to Phoenix Life Assurance Limited.

On 31 December 2006 further life businesses from other companies were transferred and re-branded to Phoenix Life Limited.

On 1 May 2008 Resolution plc was acquired by Pearl Group Limited.

On 3 June 2008 Scottish Provident International Life Assurance became part of the Royal London Group.

On 1 August 2008 Phoenix Life Assurance Limited became part of the Royal London Group.

Following approval from the High Court on 30 January 2009, certain businesses of Scottish Provident Limited and Scottish Mutual Assurance Limited were transferred and re-branded to Phoenix Life Limited on 6 February 2009.
 

 

 

 

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