Phoenix Group and LV= publish annual results

Performance at Phoenix driven by strong pension and savings business growth

Jonathan Stapleton
clock • 2 min read
Photo: Sezeryadigar via iStock
Image:

Photo: Sezeryadigar via iStock

Phoenix Group and LV= have published their annual results – with both firms showing strong growth in operating profits during 2023.

Phoenix Group said that, in the year to 31 December 2023, IFRS adjusted operating profit before tax increased 13% to £617m, driven by strong growth in its pension and savings business, which was up...

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

AI, advice and accountability: How trustees can protect members in a digital age

AI, advice and accountability: How trustees can protect members in a digital age

Girish Menezes looks at the rise of AI in member decision making

Girish Menezes
clock 28 May 2026 • 4 min read
'Pivotal year' expected for superfund market as more providers set to enter

'Pivotal year' expected for superfund market as more providers set to enter

LCP said it expects any new providers will look at run-on models and value-sharing mechanisms

Holly Roach
clock 28 May 2026 • 1 min read
LGPS employers see 'major easing' in contribution rates

LGPS employers see 'major easing' in contribution rates

Pensions UK analysis shows costs fell ‘sharply’ between 2022 and 2025

Holly Roach
clock 27 May 2026 • 1 min read
Trustpilot