In February 2022, AIA Australia Limited (AIAA) announced the sale of its Superannuation and Investments business in Australia to Resolution Life Australasia Limited (Resolution Life).
Resolution Life and AIAA intend to complete the transfer of AIAA's Superannuation and Investments business to Resolution Life under Part 9 of the Life Insurance Act 1995 (Cth). The Part 9 transfer is also referred to as the "Scheme". The Scheme will only take effect if it is confirmed by the Federal Court of Australia (the Court). The hearing will occur on 28 June 2023.
The Scheme represents an opportunity to finalise the transaction by transferring AIAA's assets and liabilities relating to AIAA's Superannuation and Investments business to Resolution Life. The Scheme may affect your policy terms and conditions.
We've built these pages to help ensure you have access to important information about the Scheme and to provide you with a channel to ask questions and provide feedback.