Phoenix

Asia | 23 Feb 18

Following the sale of Standard Life Aberdeen’s insurance arm to consolidator Phoenix Group for £3bn ($4.2bn, €3.4bn), the company will have no insurance business at all, a spokesperson confirmed to International Adviser.

Companies | 29 Nov 17

Phoenix Life customers with small annuities in payment will be able to exchange the regular income they receive for a one-off taxable lump sum.

Best Practice | 20 Nov 17

There is a crisis brewing in the retirement income market where there is a lot of freedom but little choice, according to a study published Monday.

Industry | 7 Sep 17

Old Mutual, Prudential and Abbey Life are among five companies still under investigation by the Financial Conduct Authority over concerns about the transparency of exit and penalty charges in the firms’ closed-book life insurance policies.

Companies | 24 Aug 17

Phoenix Group, Britain’s largest closed life fund consolidator, doubled operating profit during the first six months of 2017 as it said the cash earned from the Axa acquisition last year had been generated more rapidly than expected.