Aberdeen confirms transfer of £3bn of pension policies from Phoenix Life

Existing policyholders will see minimal changes but will access extended fund range

Jasmine Urquhart
clock • 1 min read
Aberdeen confirms transfer of £3bn of pension policies from Phoenix Life

Aberdeen has confirmed £3bn of pension policies have been transferred from Phoenix Life to Abrdn Life and Pensions.

The transfer of the defined benefit, defined contribution, and Local Government Pension Scheme policies will mean "minimal changes" for members, but all policyholders will be able to access an "ext...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Dalriada launches DC tool for AVCs, Clara to switch up to 35% of assets into private markets, and a Hymans Robertson report

Professional Pensions
clock 11 April 2025 • 1 min read
UKSIF makes series of recommendations to ensure UK pension assets work more effectively

UKSIF makes series of recommendations to ensure UK pension assets work more effectively

UKSIF said the sector can collectively build a ‘more sustainable and equitable pensions system’

Holly Roach
clock 11 April 2025 • 2 min read
Joining the dots between housing and pensions

Joining the dots between housing and pensions

Nigel Purves says real risk is letting another generation rent their way into retirement poverty

Nigel Purves
clock 11 April 2025 • 2 min read
Trustpilot