Phoenix Group is a European Life Consolidator. Our main focus is on closed life fund consolidation where we specialise in the acquisition and management of closed life insurance and pension funds. We call this our Heritage business. Phoenix is the largest specialist consolidator of heritage life assurance funds in Europe.
Alongside this, we have an open business which manufactures and underwrites new products and policies to support people saving for their future in areas such as workplace pensions and SIPPs. This open business is underpinned by a strategic partnership with Standard Life Aberdeen plc following our acquisition of Standard Life Assurance Limited in 2018. We also have a market leading brand - SunLife - which sells a range of financial products specifically for the over 50s market.
Phoenix Group can trace its history back to 1782, but the modern business was formed in 2008. The Group has five operating life companies which hold policyholder assets, and a distribution business, SunLife Limited.
In total the Group has over 10 million policyholders and £240 billion of assets and we have operations in the United Kingdom, Ireland and Germany. This includes an operational headquarters in Edinburgh
We are a FTSE 250 company and our mission is to improve outcomes for customers and deliver value for shareholders. Our Vision is to be Europe’s Leading Life Consolidator.