Phoenix acquires Abbey Life for £935m

Carmen Reichman
clock • 2 min read

Closed book consolidator Phoenix is to acquire Abbey Life from Deutsche Bank for £935m.

The deal was announced to investors on 28 September. It will add £10bn of assets under management and about 735,000 policyholders to the six million strong group. Phoenix will fund the buyout th...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Carmen Reichman
Author spotlight

Carmen Reichman

View profile
More from Carmen Reichman

FCA adapts DB transfer advice redress methodology following feedback

FCA's Bailey: More work to be done on fees

More on Risk Reduction

Strategic run-on market set for influx of new entrants this year, EY report says
Risk Reduction

Strategic run-on market set for influx of new entrants this year, EY report says

Attractiveness of strategic run-on to grow as concept gains traction

Jasmine Urquhart
Jasmine Urquhart
clock 17 April 2025 • 3 min read
The real question trustees should be asking – why?
Risk Reduction

The real question trustees should be asking – why?

Antony Miller asks why innovation in DB consolidation is moving at such a snail’s pace

Antony Miller
clock 16 April 2025 • 3 min read
South East Water Pension Scheme secures £120m buy-in deal with Just Group
Risk Reduction

South East Water Pension Scheme secures £120m buy-in deal with Just Group

Second transaction with the scheme means all member benefits are now insured

Holly Roach
Holly Roach
clock 14 April 2025 • 2 min read
Trustpilot