Phoenix Tailings Secures £43 Million in Series B Funding for UK's Largest Long-term Savings and Retirement Business

In a significant boost to its growth strategy, Phoenix Group has successfully raised £43 million in a recent funding round. As the UK’s largest long-term savings and retirement business, Phoenix aims to enhance its position as a leading player in the financial services sector. With a diverse portfolio of customer brands—including SunLife, Standard Life, Phoenix Life, and ReAssure—Phoenix is well-known for its capability in managing both ‘open’ and ‘heritage’ books of business, the latter being a crucial engine of value for the company. The newly acquired funds will be strategically allocated towards the expansion of digital initiatives and improving customer engagement across Phoenix's brand offerings. This aligns with the company's commitment to providing innovative financial solutions that cater to the evolving needs of its customers. Furthermore, as one of Britain’s Top Employers, Phoenix Group is dedicated to nurturing a workplace culture that prioritizes the well-being of its employees, ensuring they have the resources and opportunities to thrive. With offices across the UK and operations in Dublin and Frankfurt, Phoenix Group stands poised to leverage this funding to bolster its capabilities while maintaining its mission of supporting colleagues, customers, and the wider community. This funding round marks an exciting chapter for Phoenix Group, fueling its ambition to redefine the retirement savings landscape and deliver on its promise of financial security for everyone.