What happened to Abbey Life insurance?
What happened to Abbey Life insurance?
The Company became wholly owned by Lloyds TSB in 1996 and absorbed Hill Samuel Life Assurance Company in 1998. It lost its sales force in 2000 when it closed to new business. In 2007, Lloyds Banking Group sold the Company to Deutsche Bank. On 30 December 2016 Abbey Life was acquired by the Phoenix Group.
