• Business sale update

    Latest news about the sale of AXA Wealth

    You may have heard that following a comprehensive strategic review of the UK life, savings and wealth markets, AXA has decided to sell the AXA Wealth portfolio of businesses, including SunLife. If your clients have investments with AXA Wealth, we appreciate you may be wondering what this means for them, so we've pulled together an update on each business area to help keep you up-to-date.
  • AXA has completed the sale of its UK Life & Savings businesses - 1 November 2016

    AXA announced today that it had completed the sale of its wrap platform business ‘Elevate’ to Standard Life plc, and of its (non-platform) investment, pensions and direct protection (‘Sunlife’) businesses to Phoenix Group Holdings. This follows the announcement made on 21 October for the closing of the UK offshore investment bonds business (‘AXA Isle of Man’) disposal. AXA UK Property & Casualty, Health and Asset Management (‘Architas’) operations are not part of these transactions.

  • AXA has completed the sale of its UK offshore investment bonds business based in the Isle of Man to Life Company Consolidation Group - 21 October 2016

    AXA announced today that it had completed the sale of its offshore investment bonds business based in the Isle of Man (“AXA Isle of Man”) to Life Company Consolidation Group (LCCG).

    AXA also announced that it had signed an agreement with LCCG for the disposal of AXA Life Europe Limited’s Offshore Investment Bonds business (Euro 2.2 million revenues in 2015), which was distributed and administrated by AXA Isle of Man. Completion of the transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to occur in early 2017. The parties agreed not to disclose the terms and conditions of the transaction.

  • Sale of the non-platform investment and pensions business – 27 May 2016

    AXA UK has agreed to sell its non-platform investment and pension business (including Corporate Trustee Investment Plan, Retirement Wealth Account, Family Suntrust and onshore bond) and its direct protection business, SunLife, to Phoenix Group Holdings. Phoenix is a FTSE 250 company with a long history in life insurance which focuses on delivering great customer service.

    Right now the business continues to operate as usual, and there is nothing you need to do at this time.

  • Keeping you informed

    We’ll continue to communicate any updates through email and through this page as and when we know more over the coming weeks and months. If you have any concerns then do get in touch - contact us.

  • This website includes products and services from the following companies: AXA Portfolio Services Limited (No. 01128611), AXA Wealth Services Limited (No. 02238458) and AXA Wealth Limited (No. 01225468). All of these companies are registered in England and limited by shares.

    AXA Wealth Services Limited promotes and distributes the products of AXA Wealth Limited, AXA Isle of Man Limited and certain AXA Life Europe Limited products in the United Kingdom. Details of the companies offering specific products are shown in the product literature.

    AXA Wealth is a marketing brand used by AXA Portfolio Services Limited.

    AXA Portfolio Services Limited has been acquired by Standard Life Savings Limited and forms part of Standard Life Group. The trademark “AXA” is used under licence from AXA SA. AXA Portfolio Services trades as Elevate.

    AXA Portfolio Services Limited (01128611) is registered in England at 14th Floor, St. Mary Axe, London, England, EC3A 8BF and is authorised and regulated by the Financial Conduct Authority.

    Standard Life Savings Limited (SC 180203) is registered in Scotland at Standard Life House, 30 Lothian Road, Edinburgh, Scotland, EH1 2DH and is authorised and regulated by the Financial Conduct Authority.

    ‘AXA Wealth’ and ‘SunLife’ (comprising of the companies Winterthur Life UK Holdings Limited, AXA Wealth Services Limited, AXA Wealth Limited, AXA Trustee Services Limited and AXA Sun Life Direct Limited) have been acquired by Pearl Life Holdings Limited (and now form part of the Phoenix Group - www.phoenixgroup.com). ‘AXA’ and ‘WINTERTHUR’ are trademarks that are owned by AXA SA and will be used for a short period under a licence granted by AXA SA to the Phoenix Group.

    Pearl Life Holdings Limited is registered in England (4560778) at 1 Wythall Green Way, Wythall, Birmingham B47 6WG. As part of Phoenix Group AXA Wealth Limited will continue to be authorised by the Prudential Regulation Authority and regulated by Prudential Regulation Authority and Financial Conduct Authority; AXA Wealth Services Limited will continue to be regulated by the Financial Conduct Authority. Their registered office is 1 Wythall Green Way, Wythall, Birmingham B47 6WG.