Phoenix Group

Phoenix Group, the retirement savings and income business which owns Standard Life, has posted strong financial results for 2023. The company achieved its 2025 growth target two years early, with £1.5 billion in new business cash generated by its Standard Life division.

Standard Life, part of Phoenix Group, has partnered with open banking and open finance platform Moneyhub, to deliver its pensions dashboard.

Phoenix Group, long-term savings and retirement company, has announced its latest initiative, the Women’s Innovation Forum. The forum aims to address the significant gender pensions gap, which sees women saving 34% less for retirement by their 40s and 51% less by their 50s. This disparity is a

Glasgow City Council's wholly owned subsidiary City Property Glasgow has secured a £210 million investment, from Phoenix Group and abrdn, to support the council’s recently settled equal pay liability.

Phoenix Group has launched a new Innovation Forum that will look to use the latest FinTech innovation to build greater engagement and support the well-being of its customers, driving forward greater financial inclusion. In collaboration with TCS’ Co-Innovation Network (TCS COINTM) innovation e

abrdn has invested £75m in a sustainable private placement on behalf of its strategic partner Phoenix Group in The London School of Economics and Political Science (LSE). The long term loan, issued under the School’s Sustainable Finance Framework, will be used for green and social projec

abrdn owner Phoenix Group has outlined plans to invest in the firm after it posted its full-year 2021 results. Phoenix Group said it has already reaped significant rewards for the decisions it made to buy the business from the former Standard Life Aberdeen.

Standard Life, part of Phoenix Group, the UK’s largest long-term savings and retirement business, has today announced a new programme of investment. The purchase of the Standard Life brand in May 2021 from abrdn is strategically important to Phoenix Group as it pursues a growth strategy that w

Aberdeen Standard Investments (ASI) has invested £50m on behalf of its strategic partner Phoenix Group in Black Sea Trade and Development Bank supporting the implementation of its climate change strategy. Specifically, proceeds will be used for projects financed directly, or through finan

Standard Life Aberdeen (SLA) has announced it is selling its Standard Life brand to Phoenix Group this year as part of a complex deal. The deal will see Standard Life Aberdeen pay Phoenix Group £115 million.

Dozens of staff at the Edinburgh office of pensions giant Phoenix Group will be made redundant as the firm announced 60 jobs will be cut in March. Phoenix told staff in a video call with senior bosses Stephen Percival and Andy Moss on Monday that cuts would be made in the actuarial service team.

Jim McConville, the finance director who oversaw the takeover of Standard Life Assurance, has announced that he will step down from Phoenix Group. Mr McConville currently runs the Scottish operations of Phoenix Group and helped carry out the £2.9 billion Standard Life Assurance acquisition dea

Aberdeen Standard Investments (ASI) private placement debt team has lent £65 million to the City of London Corporation. The investment was undertaken on behalf of life insurance companies within the Phoenix Group.

Phoenix Group, Europe’s largest life and pensions consolidator, who also owns Standard Life Assurance, has today announced it has completed a £144 million bulk purchase annuity with the Trustee of the Aegon UK Staff Retirement and Death Benefit Scheme. The insurance policy covers around

Around 500 finance jobs could be lost in Edinburgh over the next three years after Phoenix Group announced a new investment in automation.