Phoenix to make 'accretive' entry to bulk annuity market

James Phillips
clock • 2 min read

Phoenix has confirmed it will enter the buy-in and buyout market on an "incremental" basis after completing its first buy-in with its own pension scheme in 2016.

In its half-year results published on 24 August, group chief executive Clive Bannister said the firm had "the skills and financial resources… to compete selectively on accretive transactions to gen...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Increased competition and a more strategic approach key to shaping BPA market

Increased competition and a more strategic approach key to shaping BPA market

Simmons & Simmons publishes bulk annuity end of year survey

Jasmine Urquhart
clock 17 December 2025 • 2 min read
Lincolnshire Co-operative Pension Scheme and Rothesay agree £107m buy-in

Lincolnshire Co-operative Pension Scheme and Rothesay agree £107m buy-in

Transaction secures the benefits of over 2,300 scheme members

Holly Roach
clock 17 December 2025 • 1 min read
Blake Lapthorn Pension Fund completes £5.7m buyout with Aviva

Blake Lapthorn Pension Fund completes £5.7m buyout with Aviva

Transaction is the first to be completed using the fast track feature of Aviva’s Clarity service

Holly Roach
clock 16 December 2025 • 3 min read
Trustpilot