ReAssure SIPP book among assets sold to Phoenix Group

No change in the 'near term'

clock • 3 min read

Phoenix Group’s proposal to acquire rival life insurer ReAssure Group in a £3.2bn cash and shares deal has included ReAssure’s self-invested personal pensions (SIPP) assets.

As it stands the agreement would bring £84bn in AUA and some 4.1 million ReAssure policies under the Phoenix umbrella for its heritage business. The deal will see the new FTSE 100 constituent reach total assets under administration (AUA) of £329bn and confirm it as Europe's largest pensions consolidator. A Phoenix spokesperson said the acquisition would not have an impact on ReAssure's advisers SIPP customers. Phoenix will also retain ReAssure's Alpha platform for the near future. The spokesperson from Phoenix added: "Advisers and customers or anything like that, of the ReAssure book,...

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 Your profession

What do younger clients really want from their adviser?

What do younger clients really want from their adviser?

'They're going to need all the help they can get'

Justin Cash
clock 21 October 2026 • 5 min read
CII and PFS celebrate more than 300 chartered graduates

CII and PFS celebrate more than 300 chartered graduates

347 graduate from CII and PFS

Sophia Panayi
clock 21 October 2026 • 2 min read
True Potential Wealth Management CEO calls for 'clear set of decisions' in upcoming Budget

True Potential Wealth Management CEO calls for 'clear set of decisions' in upcoming Budget

Short-term policy decisions ‘disturb’ advice landscape

Sophia Panayi
clock 20 October 2026 • 2 min read