The financial services sector is vibrant, diverse, and key to the UK economy. A range of long-term structural drivers are impacting the industry. These include an increasingly stringent regulatory environment, a continuing shift in wealth to the over-55 demographic, and the use of data and technology in transforming business efficiency, performance and customer outcome.
With a long history of investing across the financial services sector, Phoenix seeks investments that will benefit from these important growth drivers. We have invested in: both non-life and life insurance; financial products for retirees; and a range of support services for the wider financial services sector.
OUR INVESTMENTS IN THE SECTOR
Examples of some of our investments in the sector
Key Retirement Group (KRG) is a leading independent provider of specialist financial products for retirees. KRG primarily operates in the lifetime mortgage market, where it is both a distributor and product originator on behalf of third parties. During Phoenix's investment, profitability grew more than three-fold.
Partnership Assurance was the market-leading provider of annuities for people with serious medical conditions and those entering, or planning for, residential care. During Phoenix’s investment period, the team was strengthened with the recruitment of both senior executives and non-executives to the board.
Learn more about the other core sectors we focus on.