Phoenix Group
Net Zero Asset Managers initiative triples AUM with 43 new signatories
Asset managers representing $22.8trn (£16.5trn) of assets under management (AUM) have joined the Net Zero Asset Managers initiative, bringing the total number of signatories to 73.
Phoenix concludes £2.5bn of bulk annuities after £730m buy-in with own scheme
Phoenix Group completed £2.5bn of buy-ins and buyouts over the course of 2020, including a bulk annuity deal with one of its own schemes.
PPI and Phoenix warn joint industry approach is needed if climate change goals are to be reached
The Pensions Policy Institute (PPI) and Phoenix Group have warned a joint approach is needed across the pensions industry and the government to improve scheme engagement with climate change.
Investment-only platforms: A lifeline for pension trustees?
Jess Williams looks at how schemes can build and manage change via investment-only platforms.
Phoenix launches ESG DC default solution
Phoenix Group will launch an ESG defined contribution (DC) default solution for pension fund clients of its Standard Life Assurance business and their scheme members.
Talk Money Week 2020: Key considerations for avoiding pension scams
Savers who talk about their financial situation are less likely to become victims of a pension scam, research shows.
Phoenix Corporate Investment Services: A transformational period
Professional Pensions spoke to Phoenix Corporate Investment Services senior manager Jess Williams as part of an exclusive series of interviews with some of the finalists and winners of the UK Pensions Awards. This is what she had to say...
Standard Life: Helping people achieve a more secure and sustainable future
Professional Pensions spoke to Standard Life managing director of workplace Gail Izat as part of an exclusive series of interviews with some of the finalists and winners of the UK Pensions Awards. This is what she had to say…
Pension Awareness Week 2020: Savers 'ignoring' schemes' fraud warnings
Warnings from pension companies to savers who are looking to transfer their pension somewhere that does not look right are often ignored, says Phoenix Group.
Calls for greater trustee power as WPC scam inquiry consultation closes
Trustees need to be given the choice to directly refuse pension transfers if the industry is to properly plug the proliferation of scams, the Work and Pensions Committee (WPC) has been told.
Phoenix introduces in-scheme drawdown for master trust clients
Members of Phoenix’s defined contribution (DC) master trust will be allowed to access their pension savings via in-scheme drawdown.
Quilter completes £445m sale of assurance business
The sale of Quilter's life assurance business to ReAssure has been confirmed.
Phoenix Group looks to acquire rival ReAssure for £3.2bn
Phoenix Group has laid down a proposal to acquire rival life insurer ReAssure Group in a £3.2bn cash and shares deal.
Bulk annuity market breaks yet another record with £17bn of first half deals
Around £17.5bn of buy-ins and buyouts were transacted in the first half of the year as market records continue to tumble.
Phoenix completes further £1.1bn buy-in with own scheme
Phoenix Life has completed a £1.1bn buy-in with its own defined benefit (DB) plan, the PGL Pension Scheme, it has announced.
PICA launches reinsurance counterparty to back UK bulk annuities
Prudential Insurance Company of America (PICA) has launched a reinsurance counterparty, lending support to insurers that account for more than 90% of the UK pension risk transfer market.
FCA fines Standard Life Assurance £31m for non-advised annuity sales failures
The Financial Conduct Authority (FCA) has fined Standard Life Assurance (SLA) nearly £31m after its practices led to conflicts of interest and SLA employees putting their financial needs above those of the firm's customers.
Five stories you may have missed this week
This week's top stories included The Pensions Regulator criticising Sir Philip Green's latest plans for the Arcadia pension schemes.
M&S completes £1.4bn buy-ins with Phoenix and PIC
The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.
Phoenix delivers £800m of bulk annuities in first year in market
Phoenix Group transacted £800m of bulk annuities in 2018, its first year in the market since completing a deal with its own scheme two years ago.
Five stories you may have missed this week
This week's top stories include the Ombudsman's determination against Royal London, and the ECJ's ruling that PPF compensation must amount to 50% of member benefits.
SLA completes £3bn sale of Standard Life Assurance to Phoenix
Expanding strategic partnership
SLA's O'Dwyer and Fleming appointed as non-exec directors of Phoenix Group
Barry O'Dwyer and Campbell Fleming, both senior figures at Standard Life Aberdeen, are to become non-executive directors of Phoenix Group.
M&S completes buy-ins totalling £1.4bn with Aviva and Phoenix Group
The Marks and Spencer (M&S) Pension Scheme has insured around 15% of its pensioner liabilities through two bulk annuity insurance policies with Aviva and Phoenix Group.
