Phoenix Life & Pensions

Closed life fund consolidator Phoenix has held the majority of its annual bonuses at low rates or at 0% as it focuses on final payouts.

Shareholders in Resolution Ltd are expected to block any further acquisitions other than life businesses by the company under new rules to be confirmed in January.

Phoenix Group, the closed ended fund consolidator, is considering a takeover offer, believed to be around £1bn, from private equity firm CVC Capital Partners after a bid from rival Resolution fell through.

Kevin Arnott discusses the importance of annual statements in ensuring clients get the best income in retirement

Phoenix Group, the closed life fund consolidator, may allow more holders of small policies to cash them in without penalties.

Closed life fund consolidator Phoenix Group has posted operating cash flows of £496m in the six months to 30 June 2011.

Phoenix Group has announced it will allow investors with small whole of life non-profit policies to cash their policies immediately with no penalties.

Phoenix Group, which only manages closed books of business, is campaigning to be included in online annuity comparison tools.

Clive Bannister will replace Jonathan Moss as group chief executive of Phoenix Group, the specialist consolidator of closed life funds.

Phoenix Group, the "zombie" life fund business formerly known as Pearl, is keen to raise cash from its £10bn book of annuity policies.