confirmation of athora ireland portfolio transfer to utmost
On the 9th April 2018, Utmost Ireland dac “UI” and Athora Ireland PLC “AI” (formerly Aegon Ireland PLC) entered an agreement which provided for the transfer of Athora Ireland’s non-guaranteed offshore bonds business to Utmost Ireland dac.
On 27th November 2018, the High Court of Ireland approved the Transfer with subsequent approval by the parallel Schemes of Transfer in Jersey and Guernsey on 4th & 5th of December 2018 respectively.
The Transfer takes effect from 31st December 2018.
Transfer from Athora Ireland to Utmost
From 1st January 2019, your policy will be administered by Utmost. However, for the period up to 31st March 2019, Athora Ireland will continue to provide online services for offshore bond policyholders and their advisers including:
- Access to the Athora Ireland’s Online Services Portal,
- Access to offshore bond documents and forms in Athora Ireland’s Document Library; and
- Access to fund information via Athora Ireland’s Fund Information Page.
Offshore bond Policyholders will also continue to receive policy documentation with Athora branding (and in some instances Aegon branding). You will also start to see Utmost Wealth Solutions branding in some communications from the 1st January 2019 and on all forms and communications from the 31st March 2019.
Utmost Ireland dac Customer Service contact details
Policyholders and their Advisers can contact Customer Service with any questions or queries from the 2nd January 2019 using the following details…
Customer Service Helpline: 0845-6029281
Customer Service Helpline (if ringing from outside the UK): +44 845-6029281
E-mail Address: WM@utmost.ie
Address: Utmost Ireland dac, Ashford House, Tara Street, Dublin 2, D02 VX67, Ireland.
Links to Online Service Portal
Policyholders and their Advisers can continue to access their Policy through the following links:
These links will bring you to the Athora Ireland’s Online Services Portal which you can continue to use during our TSA period which will conclude on the 31st March 2019. Prior to this date you will receive communication from Utmost regarding a new portal that will be made available for you to access your policy on the conclusion of the TSA period.
Where can I find out more information?
Below are links to documents previously provided, about the Transfer, including the application to the High Court in Ireland.
You can also view the Independent Actuary’s Report, in respect of the transfer. A link to this document is set out below. As legally required in a transfer of this type and to safeguard the interests of policyholders of AI and UI, an Independent Actuary, Ms Rosemary Commons (Willis Towers Watson) was appointed to review the terms of the proposed transfer. The report concludes subject to the points listed in section 6.1 of her full report, that there is no material adverse impact on the security of benefits for any policyholders as a result of the Schemes and no policyholders will suffer any reduction in reasonable benefit expectations as a result of the Schemes.
Sample Circular Letter
- Sample pre-transfer legal notices – Ireland
- Sample pre-transfer legal notices – Jersey
- Sample pre-transfer legal notices – Guernsey
Q&A for UI Policyholders
Court Hearing Order
Czech Resident Notice
If you have further questions that we have not covered please contact us on 0845 6029281 and we will be happy to help.