Closed life consolidator

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.

See also

• Assurance
• Consolidator
• Life assurance
• Life fund
• Insurance
• Reverse takeover