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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

PLSA: What can schemes learn from last year's Pension Attention campaign?

PLSA: What can schemes learn from last year's Pension Attention campaign?

Mark Smith says the 2024 campaign had a significant and positive impact on savers

Mark Smith
clock 15 January 2025 • 4 min read
Industry welcomes appointment of Torsten Bell as pensions minister

Industry welcomes appointment of Torsten Bell as pensions minister

Industry says minister’s appointment comes during a ‘critical’ year for pensions policy

Martin Richmond
clock 15 January 2025 • 4 min read
Tulip Siddiq resigns as economic secretary

Tulip Siddiq resigns as economic secretary

Siddiq steps down as secretary over alleged Bangladeshi financial links

Eve Maddock-Jones
clock 15 January 2025 • 1 min read
Trustpilot