Phoenix Group Holdings is a specialist provider of long-term savings and retirement solutions, focusing on life insurance, pensions, annuities and related investment products. The company manages both open and closed books of business, offering new workplace and individual pension plans alongside legacy portfolios that it has acquired and consolidated. Phoenix Group’s service offerings include retirement income products, guaranteed annuities, and unit-linked contracts designed to meet the needs of policyholders at different stages of their retirement planning journey.
Operating on a run-off and consolidation model, Phoenix Group aims to extract value from acquired life and pension funds by combining scale, operational efficiency and in-house investment expertise. This approach allows the company to streamline administration, optimize capital allocation and deliver reliable cash flows to support policyholder benefits over the long term. Its in-house asset management capability underpins the investment strategies for both proprietary funds and third-party mandates.
Founded in 2001, Phoenix Group has grown through a series of strategic acquisitions. Key transactions include the purchase of ReAssure from Swiss Re in 2018 and the integration of Standard Life Assurance, bolstering its market position in the UK. These deals have broadened Phoenix Group’s product portfolio, expanded its policyholder base and enhanced its ability to manage diverse insurance and pension liabilities with a focus on risk management and capital efficiency.
Headquartered in the United Kingdom, Phoenix Group serves more than 16 million customers across the UK and Ireland, and maintains a presence in key European markets. Under the leadership of Chief Executive Officer Andy Briggs, the company continues to pursue a strategy of disciplined acquisition, operational excellence and customer-centric innovation, with the aim of delivering sustainable outcomes for policyholders and other stakeholders.
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