• Legal information

    In September 2010, AXA sold part of its UK life business to Friends Provident (now known as Friends Life), including its corporate, IFA protection and traditional businesses.
  • As a consequence, AXA's UK operations were re-shaped to focus on the wealth management, general insurance and healthcare businesses.

    Following the sale, the businesses of AXA Wealth and Winterthur Life were reorganised under a set legal process. This involved applying to the High Court to approve certain policy transfers under Part VII of the Financial Services and Markets Act 2000.

    In October and November 2011, the High Court sanctioned the approval of certain policy transfers between AXA Wealth Limited, formerly known as Winterthur Pension Funds UK Limited (“AWL”), Winterthur Life UK Limited (“WLUK”) and Friends Life Company Limited (“FLC”), formerly known as AXA Sun Life plc. This meant that:

    • On 1 October 2011 - Wealth management business in WLUK (including Winterthur Corporate Trustee Investment Plans, Retirement Wealth Account and certain Individual Personal Pension Plans, Executive Personal Pension Plans, Section 32s and Trustee Investment Plans) transferred to AWL
    • On 1 October 2011 - The traditional life and pension business in AWL transferred to WLUK (mainly ex-Colonial Life business which was originally sold under the name “Rainbow”, as well as Rainbow products which are now paying out an annuity)
    • On 1 November 2011 - Corporate Trustee Investment Plans (CTIP) and certain Sun Life Direct “whole of life” policies transferred from FLC to AWL.

    We communicated to customers and their advisers about these changes as the process progressed during 2011.

    On 30 November 2011, Winterthur Life UK Limited was sold to the Friends Life group.

 

AXA Wealth is the trading style used by the following companies: Architas Multi-Manager Limited (Company no. 06458717), AXA Portfolio Services Limited (Company no. 1128611), AXA Wealth Services Limited (Company no. 02238458) and AXA Wealth Limited (Company no. 01225468) are all companies registered in England. Their registered office is 5 Old Broad Street, London, EC2N 1AD. AXA Wealth Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. All others mentioned above are authorised and regulated by the Financial Conduct Authority. Each company promotes and distributes its own products. AXA Wealth Services Limited also promotes and distributes the products of AXA Isle of Man Limited and certain AXA Life Europe Limited products in the United Kingdom.

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