Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It provides a range of pensions and savings products to support people across various stages of the savings life cycle. The company manages Heritage in-force life and pensions policies; and offers and manages long term savings and pensions products. Its products include with-profits and unit-linked funds, and annuities; and workplace pensions, and individual savings and retirement solutions. The company serves individuals, corporates, and employers. It has a strategic partnership with abrdn plc, TCS, and HSBC. Phoenix Group Holdings plc was founded in 1782 and is based in London, the United Kingdom.

Phoenix Group Holdings plc

Phoenix is a UK-based retirement savings and income business. The company aims to help people secure their financial future through retirement planning and services.

Phoenix

Standard Life UK

ReAssure

Phoenix is the UK’s largest long term savings and retirement business. Our customer brands include SunLife, Standard Life, Phoenix Life, and ReAssure. While we have a thriving ‘open’ business through the Standard Life and SunLife brands, a key driver of value for us is our expertise in managing ‘heritage’ books of business no longer open to new customers. 

We have offices around the UK as well as operations in Dublin and Frankfurt. As one of Britain’s Top Employers, we offer opportunities for you to challenge and develop yourself in a company that looks after our colleagues, customers and communities. 

Please do not post private information publicly.

Phoenix Group is the brand for Phoenix Group Holdings PLC, its subsidiary companies and brands.

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Phoenix Group

Struggled with childcare over the summer holidays?
 
The topic of flexible working has no doubt been a hot topic in offices across the country, as parents look to juggle childcare commitments with work and consider alternative jobs or ways of working. Being able to manage work and life is crucial in preparing for your retirement.
 
Claire Hawkins, our Director of Corporate Affairs and Investor Relations, discusses her own squiggly career, top tips on how to progress, and part-time working while raising a family, on the Timewise and Phoenix Insights podcast here > https://lnkd.in/eySwn94B

Each of us can make a difference.

Together, small changes to our habits can soon build up to have a positive impact.

Great news that Phoenix Group has been confirmed as a signatory of the UK Stewardship Code for the second year. 
 
Our signatory status is a reflection of our commitment to protecting the long-term value of investments in the best interests of our customers, shareholders and stakeholders. 
 
Valeria Piani, Head of Stewardship: "I am pleased to see that the regulator has recognised again the work of Phoenix and its asset management partners in fostering effective engagement and voting activities in 2023. We believe in well-informed and constructive dialogue with underlying investee companies to foster sustainable businesses". 
 
Wondering what stewardship is?  Find out here > https://lnkd.in/eUHdbdzU

At Phoenix, we have amazing people doing incredible things. 

Andy Briggs MBE , our CEO, and his family committed to taking on a fundraising challenge to raise money for Carers UK, who we partnered with earlier this year as part of our ‘Caring for Carers’ initiative to restore balance to the lives of working carers.  The first leg of the challenge - climbing to the summit of Yr Wyddfa (Snowdon), then the second challenge, and time for Andy to face his fear of heights - Velocity (Zip World UK), the world’s fastest zip line, with speeds of up to 100mph through the Penryhn Quarry!

Andy has raised an incredible £15,300* (and still rising!) for Carers UK. 

*includes company matching and subject to audit completion

Timothy Fassam, our Director of Public Affairs, outlines the urgent need for a plan to review the pension landscape.

Are you prepared for retirement?

We asked 2,500 workers aged 45+ across the UK, to find regional differences to see how we can tackle the pension savings gap.

Explore our interactive heatmap > https://lnkd.in/e8_pM5WQ 

#Pensions #Retirement

Our lives are ever-changing, like work.

To support us through these changes and help to save for the future, we need to think about how we can stay in rewarding work.  It's important to upskill & retrain during our careers.

See how lifelong learning can benefit you > https://lnkd.in/e4MzdCYQ

Phoenix Group, the UK’s largest long-term savings and retirement business with 12 million customers, and Schroders, the global investment manager with a £74bn private market capability, today announce their agreement to form a new investment management business, Future Growth Capital.
 
Future Growth Capital will, subject to all regulatory approvals, support the objectives of the UK’s Mansion House Compact, and the new government’s aim to unlock institutional patient capital to flow to innovative, high growth businesses. It will unlock investment opportunities in private markets for millions of new pension savers to benefit from the diversification and investment return opportunities that unlisted assets can offer. 

Andy Briggs MBE, Chief Executive Officer, Phoenix Group, said:
“For too long, pension savers in the UK have received lower returns than their counterparts in the P7 such as Australia and Canada, partly because the UK allocates much less capital to private market assets than other developed countries. By forming Future Growth Capital with Schroders, it will help us to deliver our goal of giving UK long-term savers a way to invest in a more diversified portfolio and to enjoy the potential higher returns of a broader range of assets. Future Growth Capital will be a long-term, patient capital vehicle, constructed to ensure that customer protection remains at its core by taking a blended approach to asset allocation.”
 
Read the full press release > https://lnkd.in/e9Sik2Yw

#FinancialServices #PrivateMarkets #MansionHouseCompact #Retirement #Pensions

We believe work needs to be fulfilling and sustainable.

How much we earn, and how long we work for, have a significant influence on when and how we retire.

Many people expect to change roles or careers during their working lives, yet our research highlights that changing job feels risky.

Statement on the Carers UK 'Carer’s Allowance overpayments' report from Claire Hawkins, Director of Corporate Affairs and Investor Relations at Phoenix Group and Executive Sponsor of Phoenix Group’s colleague Carers Network:

 “It is concerning to see that so many carers are being forced to quit their jobs to avoid being hit with penalties for breaching carer’s allowance rules, according to today’s report from Carers UK. With five million people in the UK – one in seven of the workforce – having to balance their caring responsibilities with paid work it is crucial they are properly supported to stay in the workforce*. It also makes economic sense: inadequate support for working carers costs UK businesses, with nearly half a million people (468,000) having given up work over the past two years because of caring, further exacerbating the UK’s economic inactivity numbers.

 “At Phoenix Group we introduced a policy of 10-days paid carer’s leave in 2020 and have seen the real value of this as we continue to actively recruit and retain people with caring responsibilities. We urge other businesses to follow suit, if they can, to offer paid carers leave where they can afford to and for the Government to legislate in future so that working carers are entitled to a minimum of 10-days statutory paid leave each year. For both carers and the cared for, Government and business must prioritise support for carers without delay.”

Read the report here: https://lnkd.in/eEwjfsge 

*Carers UK, 2019, Research: More than 600 people quit work to look after older and disabled relatives everyday.
** Carers UK, 2019, Juggling work and unpaid care 2019

	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	4.14B -	5.11B 23.42%	528M 89.67%	7.33B 1,287.50%	6.09B 16.86%	-6.89B 213.12%	11.15B 261.87%	13.26B 18.91%	23.90B 80.20%	-32.34B 235.34%	15.45B 147.77%
cost of revenue
gross profit	4.14B -	5.11B 23.42%	528M 89.67%	7.33B 1,287.50%	6.09B 16.86%	-6.89B 213.12%	11.15B 261.87%	13.26B 18.91%	23.90B 80.20%	-32.34B 235.34%	15.45B 147.77%
selling and marketing expenses	15M -	6M 60%	-9M 250%	7M 177.78%	43M 514.29%	59M 37.21%	64M 8.47%	58M 9.38%	58M 0%	63M 8.62%	66M 4.76%
general and administrative expenses	430M -	419M 2.56%	422M 0.72%	432M 2.37%	526M 21.76%	944M 79.47%	1.32B 40.36%	1.69B 27.40%	739M 56.22%	886M 19.89%	1.24B 39.62%
selling general and administrative expenses	445M -	425M 4.49%	413M 2.82%	424M 2.66%	575M 35.61%	1.01B 76.17%	1.42B 40.08%	1.72B 21.07%	797M 53.61%	949M 19.07%	1.30B 37.30%
research and development expenses
other expenses	-2.67B -	-4.90B 83.46%	-170M 96.53%	-125M 26.47%	-161M 28.80%	-13.86B 8,511.18%	15.99B 215.33%	5.41B 66.15%	-25.95B 579.53%	29.30B 212.89%	2.79B 90.49%
cost and expenses	3.67B -	4.49B 22.34%	240M 94.66%	7.27B 2,930.83%	5.97B 17.98%	7.29B 22.21%	-10.40B 242.60%	-12.16B 17.00%	24.59B 302.10%	-30.08B 222.35%	-14.77B 50.91%
operating expenses	3.67B -	4.49B 22.34%	240M 94.66%	7.27B 2,930.83%	5.97B 17.98%	7.29B 22.21%	-15.99B 319.30%	-5.41B 66.15%	-25.16B 364.80%	30.25B 220.23%	-2.79B 109.21%
interest expense	230M -	156M 32.17%	136M 12.82%	122M 10.29%	132M 8.20%	142M 7.58%	162M 14.08%	234M 44.44%	242M 3.42%	230M 4.96%	258M 12.17%
ebitda	-176M -	-48M 72.73%	86M 279.17%	-106M 223.26%	-144M 35.85%	197M 236.81%	-430M 318.27%	58M 113.49%	-613M 1,156.90%	-1.57B 156.44%	-23M 98.54%
operating income	357M -	417M 16.81%	212M 49.16%	35M 83.49%	137M 291.43%	321M 134.31%	727M 126.48%	1.15B 58.60%	-1.26B 209.02%	-2.10B 66.91%	-50M 97.62%
depreciation and amortization	-357M -	-417M 16.81%	-212M 49.16%	-35M 83.49%	-137M 291.43%	-321M 134.31%	38M 111.84%	46M 21.05%	644M 1,300%	526M 18.32%	27M 94.87%
total other income expenses net	-116M -	48M 141.38%	-60M 225%	-105M 75%	-144M 37.14%	-62M 56.94%	351M 666.13%	1.27B 261.82%	569M 55.20%	-163M 128.65%	20M 112.27%
income before tax	241M -	465M 92.95%	152M 67.31%	-70M 146.05%	-7M 90%	259M 3,800%	351M 35.52%	1.27B 261.82%	-688M 154.17%	-2.26B 228.63%	20M 100.88%
income tax expense	1M -	151M 15,000%	97M 35.76%	30M 69.07%	20M 33.33%	151M 655%	235M 55.63%	436M 85.53%	21M 95.18%	-499M 2,476.19%	108M 121.64%
net income	145M -	218M 50.34%	201M 7.80%	-101M 150.25%	-27M 73.27%	379M 1,503.70%	62M 83.64%	798M 1,187.10%	-709M 188.85%	-1.76B 148.52%	-138M 92.17%
weighted average shs out	212.00M -	225.47M 6.35%	265.00M 17.53%	294.46M 11.12%	393M 33.46%	551M 40.20%	720M 30.67%	844M 17.22%	998M 18.25%	999M 0.10%	1.00B 0.20%
weighted average shs out dil	212.35M -	225.47M 6.18%	265.49M 17.75%	295M 11.12%	393M 33.22%	551M 40.20%	722M 31.03%	846M 17.17%	1.00B 18.32%	1.00B 0%	1.00B 0%
eps	0.85 -	0.97 14.12%	0.76 21.65%	-0.34 144.74%	-0.07 79.79%	0.69 1,104.37%	0.09 87.52%	0.92 968.52%	-0.71 177.17%	-1.76 147.89%	-0.14 92.05%
epsdiluted	0.85 -	0.97 14.12%	0.76 21.65%	-0.34 144.74%	-0.07 79.79%	0.69 1,104.37%	0.09 87.55%	0.92 971.01%	-0.71 177.17%	-1.76 147.89%	-0.14 92.05%

COM:THEPHOENIXGROUP

Phoenix

Last Close

498.40

21/11 16:53

Market Cap

54.04M

Beta: -

Volume Today

1.99M

Avg: -

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