Transfer of business

Transfer of Zurich's workplace pensions and savings business to Scottish Widows

On 12th June 2019, Scottish Widows received approval from the High Court for the transfer of the majority of Zurich’s remaining workplace pensions and savings business to Scottish Widows, under Part VII of the Financial Services and Markets Act 2000.

The Transfer is due to complete on 1st July 2019.

If I am a Scottish Widows Master Trust (Retirement Account) or Retirement Saver member, what does this mean for me?

Your Plan is already provided and administered by Scottish Widows. As the Transfer has been approved by the High Court it means that the majority of the Zurich insured funds that are currently available to your Plan will move from Zurich to Scottish Widows on 1st July 2019.

Trading suspension

To complete the Transfer, we need to temporarily suspend some service availability (this is also referred to as a trading suspension). During this time you won’t be able to buy, sell or switch funds. We expect the trading suspension to run from 25th June 2019 to 9am on 3rd July 2019. For detailed information on how the trading suspension may impact you, please refer to the Planholder Guide. For updates during and after the trading suspension, you can visit Latest updates.

Any questions?

The dedicated call centre for the Transfer is now closed. If you have any questions about the Transfer or a general question about your Plan, please contact us on your usual customer service number. Please have your Plan number to hand if you do call.

As at 25th June 2019


Visit Document library