Phoenix Group Holdings plc is a leading UK-based consolidator of closed life insurance and pension funds. The company specialises in acquiring and managing legacy policies from a range of sellers, including insurers, banks and other financial institutions. By bringing together dispersed portfolios under a single operational platform, Phoenix Group aims to optimise capital efficiency and deliver cost-effective administration for policyholders.
The group’s core services include the management of life assurance, annuity and pension policies, alongside tailored solutions for individual and corporate clients. Through its Phoenix Life brand, the company also offers open-book products such as individual life insurance, investment-linked policies and retirement income solutions. Phoenix Group leverages both traditional adviser distribution and digital interfaces to support a broad customer base.
Formed in 2008 and headquartered in London, Phoenix Group has grown principally through strategic acquisitions, including the 2018 purchase of Standard Life Assurance and the 2020 acquisition of ReAssure Group. These transactions have expanded the company’s scale and diversified its portfolio, making it one of Europe’s largest managers of closed life funds. The company is publicly traded on the London Stock Exchange and maintains a focus on delivering long-term value to its policyholders and shareholders.
Phoenix Group serves millions of policyholders across the UK and select European markets, providing secure management of retirement and protection assets. Under the leadership of Chief Executive Officer Andy Briggs, the company emphasises financial resilience, customer service excellence and prudent risk management. Phoenix Group continues to explore opportunities to consolidate additional portfolios and enhance operational efficiency within the life insurance sector.
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