Phoenix Group discontinues Sunlife sale as firm reports profit boost Business Sunlife is a major provider of financial protection products, including life insurance, directly to Britons aged over 50.
Pensions take another step towards private markets in Schroders Phoenix joint venture Investing Schroders and Phoenix Group have launched a new private markets manager, Future Growth Capital, with £1bn in backing. The new joint venture between the asset manager and pension giants is a significant step for the pensions industry into private markets, a direction the industry is clearly heading in. “Schroders bring the private markets capabilities, and [...]
FTSE 100 chief warns a pension poverty crisis looms without sweeping review Pensions Millions of Brits risk sleepwalking into an impoverished retirement by failing to stash away enough in their pension pots, the UK’s biggest pensions firm has warned, in a call for a sweeping government review of the pension systems.
Phoenix Group to explore potential sale of Sunlife June 26, 2024 Phoenix Group, the UK’s largest long-term savings and retirement business, has revealed that it will explore a possible sale of its Sunlife business.
Lift auto-enrolment pension contribution to 12 per cent for £10bn boost, report argues April 24, 2024 Auto pension enrolment was one of the key policy wins of the coalition era and essentially made employees automatically pay into their pension pots.
Abrdn and two more City giants shun Sizewell C nuclear project April 15, 2024 The government is currently the majority shareholder and is currently investing a total of £2.5bn in financial support for the project.
Pension giant Phoenix reportedly plotting multibillion-pound fund in boost for Hunt’s Mansion House Reforms April 8, 2024 Phoenix Group, the UK's largest long-term savings and retirement business, is reportedly planning to launch a new multibillion-pound fund to invest in high-growth companies and boost pension returns.
Mansion House reforms could deliver ‘huge benefit’ to UK, says pensions giant finance chief March 22, 2024 "If the rules and regulations allow us to change that that could be a huge benefit. What we're working on, is how do we actually facilitate and make this happen?"
Phoenix share price soars after firm raises dividend and sets ambitious new targets for 2026 March 22, 2024 "Phoenix's vision is to be the UK's leading retirement savings and income business, and we are making great progress in delivering our strategy to achieve this, as our strong 2023 financial results demonstrate," chief executive Andy Briggs said.
Phoenix hits targets early as growth in annuities pays off February 1, 2024 In a trading update, Phoenix said its new business long-term cash generation, a key measure of future profitability, was around £1.5bn in 2023.