Standard Life owner Phoenix on course to deliver at top end of cash range
By Scott Wright
Source: heraldscotland.com
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By Scott Wright
Phoenix Group achieves a record set of financial results
Phoenix Group has seen “record” 2022 half year results, with cash generation reaching £950m as the firm plans to deliver its target range for the year.
The FTSE 100 insurer revealed it generated a record £950million of cash during the first six months of 2022, a £78million rise on the equivalent time last year.
Phoenix Group chief exec Andy Briggs (pictured) estimated the UK market has around £480bn of so-called 'closed book' assets.