Morning Briefing: Phoenix Group Abandons Protection Business Sale Plans
Monday, 16 September 2024, 01:22
Advisers Adjust Processes Following Retirement Income Review
In a significant move, Phoenix Group has decided to scrap its plans to sell the protection business, a decision that may reshape market strategies. Advisers are revising their processes in light of the retirement income review, which signals a shift towards more sustainable financial planning.
Impact on Financial Planning
This decision not only affects Phoenix Group but also has broader implications on the financial landscape. Market participants need to stay vigilant as companies reassess their positions in response to the review.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.