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
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date