Phoenix Group Holdings: Shaping the Future of UK’s Retirement Landscape in 2025

Leading the UK’s Retirement Savings Evolution

Phoenix Group stands as the UK’s largest long-term savings and retirement business, employing 6,600 people and maintaining a powerful voice in helping people secure a life of possibilities. The company currently manages an impressive £290-295 billion of assets on behalf of approximately 12 million customers.

2025 Performance and Strategic Progress

The company’s 2025 half-year results demonstrate successful delivery against strategic priorities, with improved leverage and solvency ratios, keeping them firmly on track to meet their 2026 targets. Key achievements include strengthening their balance sheet and continued investment in market-leading Pensions and Savings and Retirement Solutions businesses, while advancing their advice proposition and in-housing the management of annuity-backing assets.

Diverse Portfolio of Services

Phoenix offers comprehensive savings and retirement income products across various segments, including:
– Retirement Solutions, featuring individual annuity and bulk purchase annuity contracts
– Pensions & Savings, encompassing life insurance and investment unit-linked policies.

Financial Stability and Shareholder Returns

The company maintains a strong dividend policy, with its previous dividend payment being 27.35p per share. The Board recommended a 2.6% increase in the Final 2024 dividend, bringing the total dividend to 54.00p per share.

Future Outlook

Looking ahead, Phoenix Group is focused on building capabilities for a full-service customer proposition, developing compelling Retail market offerings and innovative retirement income solutions. The company plans to integrate its Heritage and Open businesses under a single Group-wide operating model, ensuring a seamless customer journey across their savings lifecycle while achieving greater cost efficiencies.