Phoenix Group

What Top Employers say about themselves

Phoenix Group is the largest specialist consolidator of heritage life assurance funds in Europe. Our main focus has traditionally been on closed life fund consolidation where we specialise in the acquisition and management of closed life insurance and pension funds. We call this our Heritage business.

Alongside this, we have an open business which manufactures and underwrites new products and policies to support people saving for their future in areas such as workplace pensions and SIPPs. This open business is underpinned by a strategic partnership with Standard Life Aberdeen plc following our acquisition of Standard Life Assurance Limited in 2018. We also have a market leading brand - SunLife - which sells a range of financial products specifically for the over 50s market.

In total the Group has 10 million policyholders and £245 billion of assets under administration and we have operations in the United Kingdom, Ireland and Germany. The Group has four operating life companies which hold policyholder assets and a distribution business, SunLife.

We believe the insurance industry is bifurcating and splitting into 'capital heavy' insurance specialists who will continue to underwrite and administer insurance products and 'capital light' firms who will concentrate on sales and distribution. Phoenix's vision is to be Europe’s Leading Life Consolidator in this bifurcating market which we estimate has a market size of £580 billion across the UK, Germany and Ireland.

Number of employees: 4432
Number of active countries: 4

The research

Our comprehensive independent research revealed that Phoenix Group provides exceptional employee conditions, nurtures and develops talent throughout all levels of the organisation and has demonstrated its leadership status in the HR environment, always striving to optimise its employment practices and to develop its employees.