Phoenix Group is the largest life and pensions consolidator in Europe. The Group specialises in the acquisition and management of Heritage life insurance and pension funds. Phoenix has businesses in the UK, Germany and Ireland and holds a broad range of both Heritage and Open products split across three key business segments: UK Heritage, UK Open and Europe.
Phoenix is a leader in the safe and efficient management of UK Heritage business. The Heritage segment comprises products that are no longer actively marketed to customers and has been built through the consolidation of over 100 legacy insurance brands.
In addition, Phoenix’s Open business manufactures and underwrites long-term savings and retirement products to support people saving for their future. These products are actively marketed to new and existing customers primarily under the Standard Life brand. This segment is underpinned by a strategic partnership with Standard Life Aberdeen following the Phoenix Group’s acquisition of Standard Life Assurance Limited in 2018. Standard Life Assurance is a long-established expert in workplace pensions, personal pensions, long term savings and retirement solutions, and its customers and clients include individual savers and some of the largest employers in the UK, as well as professional advisers. Phoenix Group also has a market leading brand - SunLife - which sells a range of financial products specifically for the over 50s market.
Phoenix Group is a member of the FTSE 100 index, and has 13.8 million policies and £324 billion of assets under administration.