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Welcome to Athora

Athora is the new name for Aegon Ireland. You are now being redirected to

Updated on Thursday, 18 April 2019

The United Kingdom (UK) and the European Union (EU) have agreed a flexible extension to the date the UK will leave the EU. As a final agreement between the UK and the EU has not yet been agreed, Athora Ireland plc will continue to monitor events and review the potential impact that a ‘no-deal’ Brexit scenario would have on our UK policyholders.

Our current assessment of the customer impact is detailed below.

No Change to Service or Benefits

Firstly, there will be no change to the services we provide to you in the event of a ‘no deal’ Brexit. The terms and conditions of your policy will not be impacted, and the benefits which your policy provides (including how those benefits are taxed) will not change.

UK Financial Services Compensation Scheme

Secondly, we would like to highlight an important potential change in the event of a ’no-deal’ Brexit. Based on our current understanding, the additional security provided by the UK Government’s Financial Services Compensation Scheme (‘FSCS’) will no longer apply to your policy if there is a ’no-deal’ Brexit.

While the UK is in the EU, the customers of life insurers that are based in other EU countries and which are authorised to operate in the UK (like Athora Ireland) benefit from the same FSCS protection as those of UK life insurers. However, if and when the UK leaves the EU, that arrangement will cease to apply to life insurers based in other EU countries including Ireland. If a deal is made prior to the UK leaving the EU, then we believe this protection would be preserved at least during the current proposed transition period to 31 December 2020.

Protecting Your Assets

It is also worth noting that the protection you currently receive from the FSCS is limited, and only applies in the case of Athora Ireland plc becoming insolvent. For a number of reasons it is unlikely that Athora Ireland plc would ever become insolvent, and these include:

Financial Strength

Athora Ireland plc is rated B++ by AM Best and BBB+ by Fitch, and is backed by Athora Group. You can see more information about Athora’s financial strength ratings at


Athora Ireland plc is regulated by the Central Bank of Ireland and adheres to the same stringent European-wide solvency requirements that also currently apply to UK life insurers.

Backing Assets

The value of your policy is based on the value of the assets held by your selected fund(s) and, in the unlikely event that Athora Ireland plc did become insolvent, these assets would be available to meet your benefits.

Monitoring Brexit Plans

It is important to note that this information is based on our current understanding of the FSCS and the UK Government’s plans in the event of a ‘no-deal’ Brexit. We are closely monitoring Brexit plans. None of this information is intended to be legal and/or financial advice and, if you require further information about your policy, we recommend that you make contact with your financial adviser.