Phoenix Group in takeover talks with Guardian Financial Services

Jenna Towler
clock

Closed life consolidator Phoenix Group is in talks with Guardian Financial Services over a buyout deal valued at more than £1bn.

In a note to the stock exchange, Phoenix Group confirmed previous press speculation about the takeover. It said it believes there are a number of potential acquisitions and consolidation opportunities in the UK closed life sector and has been “reviewing those options”. The statement added: “Having secured an investment grade rating earlier this year, the group is well positioned to take advantage of the consolidation opportunities in its sector. “In this context, Phoenix has been evaluating Guardian Financial Services as part of an on-going sale process for the Guardian Financial S...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Andrew Tully: The time is right for far-reaching state pension debate

Andrew Tully: The time is right for far-reaching state pension debate

Essential we get cross-party support to any changes, rather than get involved in any political ping-pong'

Andrew Tully
clock 21 July 2025 • 4 min read
Chancellor 'confident' govt will not need to mandate pension scheme investment

Chancellor 'confident' govt will not need to mandate pension scheme investment

Rachel Reeves confirmed in Mansion House speech pension funds and government ‘are united’

Holly Roach
clock 16 July 2025 • 2 min read
Why documentation is king in the world of SSAS

Why documentation is king in the world of SSAS

'SSAS documentation - it isn't just best practice or a fiduciary requirement'

Caitlin Southall
clock 04 July 2025 • 4 min read