Phoenix acquires £300m equity release portfolio

Portfolio of equity release mortgages purchased from Just Retirement

Holly Roach
clock • 1 min read
The deal secures the long-term retirement plans put in place by homeowners
Image:

The deal secures the long-term retirement plans put in place by homeowners

Phoenix Group has acquired a £300m portfolio of equity release mortgages, strengthening its position among the largest equity release funders.

The group purchased the portfolio from Just Retirement - part of financial services firm Just Group - securing the long-term retirement plans put in place by homeowners. The portfolio consists o...

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

Just four firms manage 80% of scheme assets, two firms planning to enter superfund market, Pensions UK says remove investment barriers

Professional Pensions
clock 19 September 2025 • 1 min read
Gresham House to buy SUSI Partners and create £10bn firm

Gresham House to buy SUSI Partners and create £10bn firm

Deal has been agreed for an undisclosed sum and is subject to regulatory approval

Patrick Brusnahan
clock 19 September 2025 • 1 min read
Is the distinction between pensions and savings problematic?

Is the distinction between pensions and savings problematic?

James Barham says the industry must start having joined-up conversations about lifetime savings

James Barham
clock 19 September 2025 • 2 min read
Trustpilot