It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

[7] In 2009, the business was acquired by the Liberty Acquisition Holdings (International) Company (a vehicle controlled by billionaire Nicolas Berggruen), which subsequently renamed itself Pearl Group.

As part of the transaction Standard Life Aberdeen retained a stake in the combined group.

[11] In 2020, Phoenix completed the acquisition of fellow closed book specialist ReAssure Group from Swiss Re.

[13] Phoenix Group comprises a number of regulated life companies in the UK:[14] plus other unregulated businesses: