Phoenix
“Can Phoenix Group become the dominant UK platform for workplace and retirement savings by consolidating legacy life books while simultaneously winning new pension savers at scale?”
Founded1782
HQLondon, UK
IndustryFintech / Investment
The story
Phoenix Group is one of the UK's largest long-term savings and retirement businesses, historically focused on closed life insurance fund consolidation. Over time it has expanded into open (active) workplace pensions and retirement savings, competing for new pension savers rather than solely managing legacy books. The TCS partnership for workplace pension administration signals a move toward scalable, technology-enabled pension servicing infrastructure.
Product timeline
2024
TCS partnered with Phoenix Group to assist workplace pension clients, deepening technology integration for pension administration.· banking
Regulated entities
Authorised insurer / long-term savings provider
UK (PRA / FCA)
Phoenix Group Holdings plc
The stack
Accounting gap: none