You may be aware that AXA has sold the majority of its UK life assurance business to Resolution. This includes AXA Corporate Benefits, which will be merged with the Resolution-owned Friends Provident organisation.

The AXA businesses being sold, and existing company pension schemes previously managed by AXA, will no longer be part of the AXA Group as they will now be held by Friends Provident Holdings (UK) Ltd.  Pension schemes provided by Winterthur Life are also included in the transaction and the intention is to transfer these to Friends Provident Holdings (UK) Ltd in 2011.  In the meantime, there is no change.

There is no need for employers or members to do anything in response to this merger. There will be no change to the way that customers’ investments are managed, including the returns a customer receives. Our contact details have not changed.

The combined organisation brings together a powerful range of knowledge and skills to create one of the UK’s leading providers in corporate pensions, protection and annuities. 

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