Closed life consolidator: Difference between revisions
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Latest revision as of 04:01, 6 September 2024
Life assurance.
A closed life consolidator is a life assurance firm that:
- Specialises in life funds that are no longer open to new customers and
- Seeks to achieve economies of scale through mergers and acquisitions.
- Phoenix becomes Europe's largest closed life consolidator
- "Phoenix's reverse takeover of Standard Life Assurance Limited enabled the group to become Europe's largest closed life consolidator.
- As a result of the deal the group now has more than £240bn of assets and 10.4 million policyholders."
- The Treasurer magazine, Deals Edition 2019, p26.
