Phoenix 'on track' for strong year-end result

This comes despite a £454m pre-tax loss for the six months to 20 June

Hope William-Smith
clock • 2 min read
Phoenix Group group chief executive officer Andy Briggs
Image:

Phoenix Group group chief executive officer Andy Briggs

Phoenix Group has reported £872m of cash generation for the first half of 2021, placing it on track to meet its full-year target despite pre-tax losses of £454m.

The provider's H1 2021 results, published today (11 August), show a group operating profit of £527m, up from £361m for the first half of 2020. Assets under administration sat at £304bn on 30 Jun...

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

More on Industry

News Digest: Waspi campaign; Will L&G be the City's next domino to fall?

News Digest: Waspi campaign; Will L&G be the City's next domino to fall?

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 14 May 2026 • 1 min read
Gilt yields climb once again as King's Speech fails to calm market nerves

Gilt yields climb once again as King's Speech fails to calm market nerves

Starmer battles to save leadership

Michael Nelson
clock 13 May 2026 • 1 min read
Professional Pensions Live: Last chance to register

Professional Pensions Live: Last chance to register

Our flagship event will be held on 19 May at Convene, 155 Bishopsgate in London

Jonathan Stapleton
clock 13 May 2026 • 1 min read
Trustpilot