News articles

Phoenix Wealth has agreed to sell the Family Suntrust product to Alltrust Services Limited (Alltrust). As part of the sale Alltrust will become the Scheme Provider and Administrator.

The Aviva Investors UK Property Fund has been in the process of closing, and the final capital payment will be distributed by Aviva in January 2026.

Phoenix Life Limited has moved from its Wythall location to new offices in Birmingham. As part of this relocation, Phoenix Life Limited now has a new registered office address.

Take some time to pause and think.

We need to carry out some essential work on our IT systems which isn't possible to do over the weekend. During this period, some of our online services will be unavailable and there may be a very small impact on our servicing ability but this shouldn't impact the majority of our turnaround times.

The Chancellor Rachel Reeves has revealed her first Autumn Budget – and if you were expecting a lot of change for pensions, you might be surprised. That said, there were some announcements that could impact you. So here are four things from the Budget we think you need to know.

M&G will be making a series of capital payments, as and when they manage to sell the funds’ assets. We have now received the third capital payment from M&G of 13.74% (for Pension funds) of the total net asset value of the funds, as at 12 September 2024.

The settlement scheme (“the Scheme”) set up in response to the suspension of the LF Woodford Equity Income Fund (“the Fund”) received High Court Approval on 9 February 2024 and became binding on all Scheme Creditors on 5 March 2024. We’ve now received the first payment from the Settlement Fund. Here’s an update on when and how the first payment will be paid out.

M&G will be making a series of capital payments, as and when they manage to sell the funds’ assets. We have now received the second capital payment from M&G of 12.65% (for Pension funds) of the total net asset value of the funds, as at 9 May 2024.