London Life is part of Pearl Group Ltd, a specialist owner/manager of long-term savings and investment portfolios which also includes Pearl, Phoenix, NPI, Scottish Mutual and Scottish Provident. Our primary focus is looking after the £2.5 billion of assets in our closed life funds* on behalf of our 152,000 policyholders. London Life is not selling any further life assurance policies but we welcome increases to existing contracts from existing customers.

As part of Pearl Group, London Life also sells a range of financial products including car, home and travel insurance; equity release plans to boost retirement income; and commercial insurance for your business.

Pearl Group Limited is backed by two large investment organisations, Sun Capital Partners and TDR Capital, both of which are committed, experienced and long-term investors, focused on the key areas of importance to policyholders, namely long-term investment returns, financial security and service.

* A fund is defined as ‘closed’ if no new policies are being sold, ie. it is closed to new business. In the UK, there are approximately 70 closed life funds with a value of more than £290 billion, amounting to one fifth of the long-term insurance sector.

Our history

Visit our history page to find out more about London Life’s 200 year history, dating back to 1806.