Phoenix Group

Thanks to the Pensions Minister for joining us last week. Collaboration across industry, government, employers and other organisations is essential if we are to solve the issue of the pension savings gap for our customers & society as a whole. We look forward to further positive meetings.   You can read our full report here > https://lnkd.in/ecU6Wf_2 Nest Insight, Independent Age, Pensions Policy Institute (PPI)

Our half year 2024 results have been announced. “We have delivered 19% growth in Operating Cash Generation, supporting total cash generation of £950 million in the first half. We have generated 3%pts of recurring Solvency II capital and our resilient balance sheet has enabled us to repay £250 million of debt and invest in our business. Strong growth in our Pensions and Savings business in particular has supported a 15% increase in operating profit. We are successfully executing on our strategy, delivering cash, capital and earnings, and have declared an Interim dividend which is a 2.5% year-on-year increase.” - Phoenix Group CEO, Andy Briggs MBE. Find out more in our Half Year 2024 results > https://lnkd.in/eYQGngmb #Pensions #Investment #FinancialServices #Results

We recently had the pleasure of welcoming a diverse group of work experience students, to gain valuable insights into the work of our General Counsel team. Over the course of their time with us, these students participated in a variety of engaging workshops, led by our very own GC team members, providing them with hands-on experience and a deeper knowledge of the insurance industry. They were also treated to a guided tour of the Royal Courts of Justice, the Inns of Court, and the Old Bailey. This tour offered them a chance to appreciate the storied past of the legal profession and its impact on the world today. In addition to this, they had the unique opportunity to sit in on a Court of Appeal hearing, offering them a real-world glimpse into the judicial process at the highest level. We are proud to have been able to provide such a broad and insightful introduction to the legal field, while also giving a glimpse into the heart of Phoenix Group’s work. We look forward to continuing to support the next generation of talent as they explore their future careers.

We love celebrating our amazing colleagues, who are at the heart of our community efforts. Every year, we give our colleagues team three volunteering days, so they can use their skills and time to help the communities our customers live in. Recently, the team helped celebrate VOCAL’s 30th anniversary. VOCAL Voice of Carers Across Lothian supports and empowers unpaid carers in Edinburgh and Midlothian. Our volunteers played a vital role in the event, from setting up and greeting visitors to helping with workshops and taking photos!

Don’t forget that you can join us live as we stream our half year results announcement from 09:30 to 11:00 (BST) on 16th September. Register here > https://lnkd.in/eCFxDcHC #Pensions #Investment #FinancialServices #Results

Imagine a world where UK pensions were set up to support the longer lives we’re now leading. Join our host Catherine Foot, Director, Phoenix Insights at 10am on 12th September as we discuss the Government’s plans, and how pensions & employment can work together to help provide everyone with enough income in retirement. Panelists: > Pensions Minister Emma Reynolds, > Matthew Blakstad, Director of Analysis and Governance, Nest Insight > Gail Izat, Workplace Pensions Director, Standard Life UK, > Joanna Elson CBE, Chief Executive, Independent Age > Chris Curry, Director of Pensions Policy Institute (PPI) Virtual Registration link - https://lnkd.in/ewF6cRUk #Pensions #Webinar #Insights #Retirement #FinancialService

Our Phoenix colleagues have once again gone above and beyond! 15 of our incredible colleagues took on the 3 Peaks Fundraising Challenge to raise money for Carers UK, who we partnered with earlier this year as part of our ‘Caring for Carers’ initiative to restore balance to the lives of working carers. The team tackled the highest mountains in Scotland, England, and Wales, totalling 3300m of ascent across a 26-mile route, topped off with around 10 hours of driving between the mountains- all under 24 hours! Our Phoenix Heroes have raised over £20k* (and still rising!) for Carers UK. *includes company matching and subject to audit completion

Join our live webinar as we announce our half year 2024 results on 16th September, from 09:30 to 11:00 (BST). Register here > https://lnkd.in/eCFxDcHC

It’s our mission to close the savings gap & help people prepare for the retirement they dream of. We want to drive meaningful and long-lasting change for better futures.

Start new employment and you’re automatically added into a workplace pension by your employer. The introduction of auto-enrolment has been a success in helping people save & better prepare for retirement. But is it supporting you to save enough?