Phoenix Group Holdings Plc (PHNX) Ord GBP0.10
Phoenix Group Holdings plc is a United Kingdom-based company that specializes in the acquisition and management of closed life insurance and pension funds. The Company has an Open business, which manufactures and underwrites new products and policies to support people saving in areas, such as workplace pensions and self-invested personal pensions. It also has a brand, SunLife, which sells a range of financial products for the over 50 market. It operates through three business segments: UK Heritage, UK Open and Europe. The UK Heritage segment provides a range of life and pensions products. Assets under administration in its open business are held in three product lines: Workplace, Retail pensions and Wrap. It also includes capital-light products. The European segment distributes unit linked life assurance products which have no material guarantees. Its subsidiaries include Phoenix Life Limited, Phoenix Life Assurance Limited and Abbey Life Assurance Company Limited.
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