Phoenix Group
Industry
Phoenix Group has laid down a proposal to acquire rival life insurer ReAssure Group in a £3.2bn cash and shares deal.
06 December 2019
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3 min read
Risk Reduction
Around £17.5bn of buy-ins and buyouts were transacted in the first half of the year as market records continue to tumble.
08 August 2019
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2 min read
Risk Reduction
Phoenix Life has completed a £1.1bn buy-in with its own defined benefit (DB) plan, the PGL Pension Scheme, it has announced.
07 August 2019
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2 min read
Risk Reduction
Prudential Insurance Company of America (PICA) has launched a reinsurance counterparty, lending support to insurers that account for more than 90% of the UK pension risk transfer market.
05 August 2019
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2 min read
Law and Regulation
The Financial Conduct Authority (FCA) has fined Standard Life Assurance (SLA) nearly £31m after its practices led to conflicts of interest and SLA employees putting their financial needs above those of the firm's customers.
23 July 2019
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3 min read
Industry
This week's top stories included The Pensions Regulator criticising Sir Philip Green's latest plans for the Arcadia pension schemes.
24 May 2019
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1 min read
Risk Reduction
The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.
23 May 2019
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3 min read
Risk Reduction
Phoenix Group transacted £800m of bulk annuities in 2018, its first year in the market since completing a deal with its own scheme two years ago.
06 March 2019
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2 min read
Industry
This week's top stories include the Ombudsman's determination against Royal London, and the ECJ's ruling that PPF compensation must amount to 50% of member benefits.
07 September 2018
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1 min read
