Phoenix long-term business cash flow rises to £1.2bn

Firm reveals year-on-year growth with £300m increase in long-term free cash

Martin Richmond
clock • 2 min read
Briggs: "“Phoenix has a simple strategy that is focused on the UK long-term savings and retirement market"
Image:

Briggs: "“Phoenix has a simple strategy that is focused on the UK long-term savings and retirement market"

Phoenix Group’s incremental new business long-term cash generation increased to £1.2bn in 2022, according to its full-year results.

The company's results, published today (13 March) on the London Stock Exchange, revealed £934m of its new long-term cash generation came from its Standard Life retirement solutions business, while ...

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

More on Industry

Industry advocates for increased member support in run up to retirement

Industry advocates for increased member support in run up to retirement

PP survey shows 85% favour increased support for members on cusp of retirement

Martin Richmond
clock 19 February 2025 • 2 min read
L&G launches retirement planner for DC members

L&G launches retirement planner for DC members

Offers support for savers to help with decumulation journey and financial planning

Holly Roach
clock 19 February 2025 • 1 min read
News Digest: Toxic pensions row at heart of Labour WhatsApp scandal; French pension battle reignites

News Digest: Toxic pensions row at heart of Labour WhatsApp scandal; French pension battle reignites

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 19 February 2025 • 1 min read
Trustpilot