2023 performance

We are proud to be the UK’s largest long-term savings and retirement business.

With over £280 billion of assets under administration, we offer our c.12 million customers a comprehensive range of products across our market-leading pensions, savings and life insurance brands. We’re here to create long-term value for all our stakeholders, including customers, colleagues, investors and wider society.

Together, we’re helping people secure a life of possibilities, making better longer lives a reality for all of us.


Chair statement

“At Phoenix our purpose is our North Star and it drives all that we do. I am delighted with the progress we have made this year to bring about better outcomes for all our stakeholders.”

Nicholas Lyons, Chair of the Group Board

Nick In The Office
Andy In The Office

CEO Statement

“I am delighted that 2023 was another year of strong new business growth for Phoenix Group. Having now built the component parts of a sustainably growing business, the next stage on our journey will see us grow, optimise and enhance our business so we can meet more of our customers’ retirement needs and deliver more value for our stakeholders.”

Andy Briggs, Group Chief Executive Officer

CFO Statement

“The progress we have made in executing our strategic priorities has enabled us to deliver a strong set of results in 2023, and supported the Board’s decision to recommend a 2.5% increase in the Final 2023 dividend.”

Rakesh Thakrar, Group Chief Financial Officer

Rakesh In The Office