Phoenix Group operating profit increased by 31% in 2024

Group results show group workplace AUM rose to £66.5bn last year

Martin Richmond
clock • 3 min read
Phoenix Group operating profit increased by 31% in 2024

Phoenix Group, which looks after the Standard Life brand, has confirmed its IFRS adjusted operating profit rose by 31% in 2024 to £825m, according to its full-year results.

The insurer's results said the growth in its operating profit had been driven by "profitable growth" in its pensions and savings and retirement solutions. The results showed its pension and savings...

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