History of Abbey Life

Abbey Life was founded and incorporated on 12th December 1961.

Abbey Life has been closed to new retail business since February 2000, although we continue to accept increments and increases on existing policies, and new members to some existing occupational pension schemes. We also issue annuities in respect of holders of our pension policies at their retirement dates.

In addition to our own directly written business, the in-force business of Abbey Life includes portfolios of business transferred from the following former life companies:

  • London and Edinburgh Life (which merged with Excess Life in 1978)
  • Excess Life (renamed Ambassador Life, which merged with Abbey Life in 1998)
  • Target Life (which merged with Hill Samuel Life in 1995)
  • Hill Samuel Life (which merged with Abbey Life in 1998)

Abbey Life wrote most of its business through its own direct salesforce and appointed representatives, but also accepted business via independent advisers. Ambassador Life’s portfolio was generated via direct marketing. Target Life and Hill Samuel Life wrote business through their own direct salesforces and via independent advisers.

The business of Abbey Life is mainly composed of unit-linked Life and Pension policies, and annuities in payment. There are also two small with-profits funds, one in relation to some Abbey Life policies, and one in relation to some Hill Samuel Life policies.

Abbey Life Assurance Company Limited ("Abbey Life") is registered in England under company number 710383 whose registered office is at 1 Wythall Green Way,
Wythall, Birmingham, B47 6WG |

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority No. 117645