Phoenix in 'advanced' talks to acquire Abbey Life

Confirmed speculation in statement

Carmen Reichman
clock • 1 min read

Phoenix has confirmed it is in "advanced" talks with Deutsche Bank about a possible acquisition of its closed life company Abbey Life.

The consolidator already said in its interim results on 25 August it was exploring further acquisition opportunities in the closed UK life sector.  It has now confirmed speculation it is evaluating a potential deal for Abbey Life. In a statement on the stock exchange it said: "Phoenix notes recent media speculation regarding a possible acquisition of Abbey Life Assurance Company and confirms that it is evaluating a potential transaction. "As stated In this context, Phoenix is in advanced discussions with Deutsche Bank in relation to a possible acquisition of Abbey Life. There can b...

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

Lack of focus delaying pension transfers, Origo CEO warns

Lack of focus delaying pension transfers, Origo CEO warns

Advisers share months-long delays as PensionBee’s petition calls for ten-day transfer guarantee

Sahar Nazir
clock 11 December 2025 • 6 min read
Pension IHT: A minor win for executors, a missed opportunity for HMRC

Pension IHT: A minor win for executors, a missed opportunity for HMRC

'It's a great pity HMRC couldn't have been a bit braver and taken the sensible approach'

Rachel Vahey
clock 09 December 2025 • 3 min read
Salary sacrifice change to 'hit' more than three million workers

Salary sacrifice change to 'hit' more than three million workers

Government releases impact assessment

Jen Frost
clock 05 December 2025 • 3 min read