Phoenix posts £4.8bn bulk purchase annuity results

In a trading update, the firm also heralded a comeback in workplace pensions

clock • 2 min read
Andy Briggs: These results demonstrate we are a growing, sustainable business
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Andy Briggs: These results demonstrate we are a growing, sustainable business

Phoenix Group predicts it will achieve £1.2bn in new business long-term cash generation for 2022, primarily through its Standard Life branded businesses, according to its latest trading statement.

The insurer said it would also likely deliver 2022 cash generation at the top end of its target range of £1.3bn to £1.4bn. The statement was released ahead of the business's capital markets day ...

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