About our Schemes
A Court Scheme is a contract approved by the High Court of Justice in Endland and Wales that, under Part VII of the Financial Services and Markets Act 2000, sets out the conditions for transfer of business from one company to another.
The Scheme (PDF 9.09 MB) sets out how we must run the operations of the Aviva Life and Pensions UK Limited With-profits sub-funds and supersedes the various past Court approved schemes that governed these sub-funds.
Previously, the 2013 Scheme set out the conditions for the transfer of business from the With-profits sub-fund of Friends Life WL Limited to the WL With-profits Sub-Fund within Friends Life Limited, as well as the transfer of non-profit business from Friends Life WL Limited and Friends Life Company Limited. View the 2013 Scheme (PDF 844 KB).
You can view the certificates required by Section 36 of the 2013 Scheme in the Appendices of the Board Report to With-profits policyholders (PDF 927 KB).
These provide certification that actuarial and other matters covered by the Scheme have been complied with.
Take a look at our library of helpful articles and guides.
Is it ever too late to start saving?
No matter your age, with a workplace pension you'll benefit from a tax-free lump sum and maybe even employer contributions.
Busting those equity release myths
There are a lot of ifs and buts surrounding our equity release product. We're here to help you separate the facts from the fiction.
Find your lost pensions
Keeping track of pensions from jobs gone by can be tricky. But pinning down those lost pensions may make it easier when you’re retirement planning.
Thinking about taking an income from your personal or workplace pension?
We look at the things to consider before you take your money from your personal or workplace pension, including the potential impact of coronavirus on your pension fund.
The pandemic and your workplace pension
If you’re wondering what the coronavirus pandemic could mean for your workplace pension, read on.
Has lockdown affected your monthly budget?
Lockdown has brought many changes to our lives, but how has it changed your spending and saving habits?
Understanding your pension statement
What’s in your pension statement and how often is comes will all depend on the type of pension you have.
Pension scams to look out for
With so many scammers around, there are things you can look out for to keep your hard-earned pension money safe.
Understanding inheritance tax
Planning what to leave your loved ones? See if you can reduce any inheritance tax that may be due.
Are you paying more tax than you need to?
There are practical things you can do to reduce your tax bill to make year-end tax planning much less taxing.
Investing in property to fund retirement
Food for thought if you’re considering renting out a property to fund your retirement or you’re already a private landlord.
Make the most of pension tax relief
See how to make the most of the tax relief you get from the government for paying into your pension.
How much income will you need?
When you’re retirement planning, having a clear idea about how much income you’ll need – and for how long – is key.
Moving your pension into one pot
Transferring all your pensions into one could save time and provide a clearer picture when you’re making retirement plans.
From gardening to gin making
Financial tips for a golden gap year
See how to free up some cash so you can finally see those places you've only ever dreamed of visiting.