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In 2010, Pearl Group rebranded as Phoenix Group Holdings. [9] In March 2014, the business sold Ignis Asset Management to Standard Life Investments, the asset management arm of Standard Life. [10] In 2018, Phoenix Group agreed to acquire Standard Life Assurance from Standard Life Aberdeen for £2.9 billion.
In September 2005, Resolution Life merged with the FTSE company Britannic Group, who had closed to new business in 2003. [ citation needed ] In 2006, the merged group bought the life business of Abbey National , a transaction of £3.6 billion that brought entry into the FTSE 100.
In 2018, Phoenix Group Holdings plc acquired Standard Life from Standard Life Aberdeen plc for £2.9 billion. [24] In May 2021, Phoenix Group acquired the 'Standard Life' brand [25] and in July 2021 Aberdeen Standard Life Group companies rebranded as ‘abrdn’. [26]
In 1851, the oldest predecessor of The Phoenix Companies, The American Temperance Life Insurance Company, was founded.The American Temperance Life Insurance Company was a part-mutual, part-stock company that insured only those who abstained from alcohol and was founded by a group of prominent Hartford businessmen as well as religious and civic leaders.
Within a year, Sun Life began sending out direct mail. [24] They introduced their very first plan for people aged over 50 in 1979. [25] In 1982, they became the world's first life assurance company to announce a £200,000 non-medical limit. [26] In 1992, French insurer UAP became Sun Life Assurance Society's major shareholder. [27]
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The rankings below are the 30 largest public pension plans in the U.S., according to the 2018 list compiled by Pensions & Investments. [1] Because this information is now several years old, the numbers and rankings may no longer be entirely accurate.
PensionBee is a British online personal pension scheme provider. It was co-founded in 2014 by its chief executive officer , Romi Savova, and chief technology officer , Jonathan Lister Parsons. It is authorised and regulated by the Financial Conduct Authority .