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From time to time, we may need to mail your clients to keep them informed of changes in legislation or changes to their plans.
You can find details about the recent communications that we have sent to your clients in the table below.
We’re continuing to integrate AXA Wealth into our new Phoenix
Wealth business, and so you’ll see some more changes related to this activity
starting from 5.30pm on Friday 16 March. These include:
To find out more about the
changes, please look at our dedicated webpage so that you can plan activity within our cut off times.
We wrote to clients on 7 March to make them aware of the
changes and downtime. In the letter, we asked clients to visit a dedicated
webpage which details the changes that are relevant to their products, system
downtime, and any up to the minute news.
Take a look
at the letters – you’ll be able to
access each product-specific client webpage by clicking the link in each client
Following on from
the sale of AXA Wealth to the Phoenix Group and our recent rebrand to Phoenix
Wealth, we will be applying that name to the following FST legal entities:
What changes will clients see?
changes do not impact your clients’ terms and conditions but, after 8 December,
they may notice that
our new legal entity name, Phoenix Wealth Trustee Services Limited – or an
abbreviation, will appear on client bank statements for any income payments
What do clients need to do differently?
Any cheque payments
into existing schemes will need to be made payable to Phoenix Wealth Trustee
We’ll be writing to all FST scheme members from 27 November
to let them know about our plans. You can take a look at the letters we are
sending clients here:
Following on from the sale of AXA Wealth to the Phoenix Group and our recent rebrand to Phoenix Wealth, we're now working on transferring policies from AXA Wealth Limited to Phoenix Life Limited, another company in the Phoenix Group.
To ensure customers' interests are protected, we need to follow a rigorous process and seek High Court permission to do so, but provided permission is granted we expect this transfer to happen on 8 December 2017. From that date you may notice the name Phoenix Life Limited reflected across your terms of business with us, client bank statements and other literature and communications. We'll be writing to all policyholders of AXA Wealth Limited from 21 August to let them know about our plans.
Please be assured
that there will be no other changes to your clients’ contracts with us,
service levels, products, investments or ongoing payments as a result of the transfer.
For more information, and to see the letter and accompanying documentation we will be sending clients, take a look at our dedicated page.
You may have seen our recent emails about what to expect now we are part of Phoenix. If not, you may have opted out of our marketing emails – just let us know if you’d like to
opt back in.
We can now confirm our new branding is scheduled to launch on 1 July.
Phoenix Wealth will replace AXA Wealth from this date, with a new logo, new adviser and customer website together with a fresh range of product literature. Our rebrand will not affect:
You don’t need to do anything. But for a summary of what you’ll notice changing, what will stay the same, and a preview of our new brand –
take a look.
We will be letting your clients know from 5 June – take a look at a template
We’ve notified clients about the change of Scheme Operator’s name of the Self-invested option of the Retirement Wealth Account – AXA Portfolio Services Limited. This will be renamed to Elevate Portfolio Services, with the rename to take effect on 24 April 2017.
This name change is a result of the recent sale of different parts of the AXA Wealth business to Phoenix and Standard Life. It does not affect the operation of your clients' plan and terms and conditions.
Letters will start to arrive with your clients from 11 April onwards.
View the letter to clients
We've notified clients about the upcoming acquisition of AXA Wealth's off-platform pension and investment business by the Phoenix Group. You can access the letters we've sent below.
In addition we’ve updated the terms and conditions for The Personal Pension, Retirement Wealth Account and Family Suntrust policyholders/scheme members to reflect a change to the company that has regulatory responsibility over the policy/scheme. You can access a summary of the changes to The Personal Pension and Retirement Wealth Account terms and conditions here.
The latest terms and conditions for Family Suntrust and Retirement Wealth Account products can be found in our literature library. A copy of The Personal Pension endorsement can be accessed here.
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