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

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Commons overturns salary sacrifice protections, TPR guidance on Virgin Media judgment, LifeSight to launch retirement CDC solution

Professional Pensions
clock 27 March 2026 • 1 min read
Investment mandation would have had 'serious consequences' for members

Investment mandation would have had 'serious consequences' for members

Experts suggest trustees will ‘breathe a sigh of relief’ at the House of Lords vote to remove the power

Holly Roach
clock 27 March 2026 • 1 min read
Most think trust in pensions industry is 'too low'

Most think trust in pensions industry is 'too low'

PP survey finds two thirds agree with pensions minister on lack of trust in industry

Jasmine Urquhart
clock 27 March 2026 • 2 min read
Trustpilot