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Russian Invasion of the Ukraine
03 March 2022
At this time all our thoughts and prayers are with the people of Ukraine.
In respect of Utmost International, less than 1% of our over 210,000 customers are either Russian nationals or residents. These customers account for less than 0.5% of our over £55bn of client assets.
In respect of Utmost Life and Pensions we have no discernible Russian national or resident clients.
Utmost Group has no direct exposure to any Russian assets. Our policyholders have less than £200m of Russian assets or funds partially invested in Russia within their unit linked funds.
Utmost Group continues to comply with all recent restrictions and regulations in respect of Russian assets and clients.
For the foreseeable future Utmost Group will not be accepting any new business from Russian nationals.
For further information, please contact:
Utmost Group plc
Tel: +44 (0)203 861 4343 / Email: [email protected]
Temple Bar Advisory
Tel: +44 (0)20 7183 1190 / Email: [email protected]
About Utmost Group plc
Utmost Group plc is a leading provider of insurance and savings solutions. Its principal businesses are Utmost International and Utmost Life and Pensions, which together are responsible for £64.7bn of primarily unit-linked policyholder assets for over 475,000 policyholders. Utmost Group plc is subject to group supervision by the PRA.
On 11 December 2024, Utmost Group announced it had received all necessary regulatory approvals to complete the acquisition of Lombard International Assurance Holdings Sarl. The acquisition is expected to complete on 30 December 2024. On a proforma basis at HY 2024, Utmost Group would have had over £100bn of assets under administration for over 500,000 policyholders.
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