PHOENIX LIFE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-08 (in 5mo)
Last made up 2025-09-24
Watchouts
Cash
£465M
-3.9% vs 2023
Net assets
—
Equity attributable
Employees
0
Average over period
Profit before tax
£316M
+0.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 3 times since incorporation
- PHOENIX LIFE LIMITED 2005-12-29 → present
- ROYAL & SUN ALLIANCE LINKED INSURANCES LIMITED 1998-12-31 → 2005-12-29
- ROYAL HERITAGE LIFE ASSURANCE LIMITED 1986-06-09 → 1998-12-31
- LLOYD'S LIFE ASSURANCE LIMITED 1971-06-30 → 1986-06-09
Profit before tax
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £7,278,000,000 | £7,337,000,000 | |
| Operating profit | — | — | |
| Profit before tax | £315,000,000 | £316,000,000 | |
| Net profit | £276,000,000 | £290,000,000 | |
| Cash | £484,000,000 | £465,000,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | — | — | |
| Equity | £2,273,000,000 | £1,741,000,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Net margin | 3.8% | 4.0% |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102, FRS 103
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As a result of this review, the Directors believe the Company has adequate resources to continue in operational existence over the going concern period assessed up to 30 June 2026. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- PHOENIX LIFE LIMITED · parent
- 3 St Andrews Square Apartments Limited 100%
- Patria Private Equity Trust plc 54%
- Britannic Finance Limited 100%
- Britannic Money Investment Services Limited 100%
- CGE Management Services Company 100%
- Cityfourinc (unlimited) 100%
- Phoenix ULA Limited 100%
- Phoenix ER1 Limited 100%
- Phoenix ER2 Limited 100%
- Phoenix ER3 Limited 100%
- Phoenix ER4 Limited 100%
- Phoenix ER5 Limited 100%
- Phoenix ER6 Limited 100%
- Phoenix SPV1 Limited 100%
- Phoenix SPV2 Limited 100%
- Phoenix SPV3 Limited 100%
- Phoenix SPV4 Limited 100%
- Phoenix Unit Trust Managers Limited 100%
- Scottish Mutual Nominees Limited 100%
- Scottish Mutual Pension Funds Investment Ltd 100%
- SLIF Property Investment GP Limited 100%
- SLIF Property Investment LP 100%
- Standard Life Assets and Employee Services Ltd 100%
- Standard Life Master Trust Co Limited 100%
- Standard Life Pension Funds Limited 100%
- Standard Life Trustee Company Limited 100%
- SunLife Limited 100%
- The Phoenix Life SCP Institution
- Vebnet Limited 100%
- Vebnet (Holdings) Limited 100%
- ASI Phoenix Global Private Equity III LP - Pool A 100%
- Aberdeen Emerging Markets Equity Fund 22%
- Aberdeen Japanese Equity Fund 55%
- Aberdeen Europe ex UK Equity Fund 21%
- Aberdeen Asia Pacific Equity Fund 25%
- Aberdeen UK Income Equity Fund 38%
- Aberdeen American Equity Fund 57%
Significant events
- “In 2023, the Company was in receipt of a Part VII of the Financial Services & Markets Act 2000 ("Part VII transfer") transfer of policies and associated assets and liabilities from fellow Group companies: Standard Life Assurance Limited ("SLAL"), Standard Life Pension Funds Limited ("SLPF") and Phoenix Life Assurance Limited ("PLAL").”
- “The Company writes new business in relation to bulk purchase annuities ("BPAs"), protection business written under the SunLife brand and vesting pension annuities.”
- “During the year the Company sold £1,166m of ERM loans to Phoenix ER5 Limited ("PER5L"), a wholly owned subsidiary, in return for notes issued by PER5L.”
- “On 4 December 2024 £806m of ERM loans with Phoenix ER6 Limited ("PER6L"), a wholly owned subsidiary, were transferred to the Company and corresponding loan notes redeemed.”
- “On 5 December 2024 the Company sponsored a securitisation with an external party. As part of this transaction, the Company sold £157m of ERM loans originated through More2Life, Standard Life Home Finance and Pure.”
- “During 2024, the Company continued its activities in the BPA market, completing 15 (2023: 17) BPA transactions with a combined premium of £5.1bn (2023: £6.2bn).”
- “The Standard Life Smoothed Return Pension Fund was launched in May, exclusively through the Fidelity Adviser Solutions platform.”
- “The migration of policies from Capita Life to TCS Diligenta was completed in February 2025.”
- “On 1 March 2024, the Company sold it's holding in Standard Life Lifetime Mortgages Limited ("SLLM"), a regulated entity that owns and administers two closed mortgage books (residential and equity release) to PeLHL.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 87 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PEARL GROUP SECRETARIAT SERVICES LIMITED | Corporate Secretary | 2006-09-01 | — | — |
| BRIGGS, Andrew David | Director | 2022-10-01 | Mar 1966 | British |
| COOK, Karin Alexandra | Director | 2024-05-01 | Aug 1966 | British |
| GILL, Jora Singh | Director | 2023-06-01 | Oct 1965 | British |
| GREGORY, Mark Julian, Mr | Director | 2025-08-25 | Aug 1963 | British |
| HARRIS, Rosemary | Director | 2022-01-01 | Jan 1958 | British |
| HARRIS, Timothy Walter | Director | 2022-05-01 | Apr 1969 | British |
| MUIR, Martin John | Director | 2025-01-01 | Jan 1967 | British |
| NICANDROU, Nicolaos Andreas | Director | 2026-05-08 | Aug 1965 | British |
Show 87 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BERG, John Hilton | Secretary | 1998-07-01 | 2000-09-15 |
| BRIERLEY, Heather Gwendolyn | Secretary | 2000-09-15 | 2000-12-11 |
| EVES, Richard Anthony | Secretary | 1997-05-13 | 1998-07-01 |
| FOX, Jacqueline Elizabeth | Secretary | 2002-07-17 | 2004-09-30 |
| HUGHES, James Edward | Secretary | — | 1992-06-17 |
| JONES, Vanessa | Secretary | 2001-12-06 | 2002-04-26 |
| MILLER, Jan Victor | Secretary | 2002-05-01 | 2002-07-17 |
| MORGAN, David John | Secretary | 1992-06-17 | 1997-05-12 |
| WILMAN, Jennifer Jane | Secretary | 2004-09-30 | 2006-09-01 |
| YOUNG, Bernadette Clare | Secretary | 2000-12-11 | 2001-12-06 |
| BIGGS, Michael Nicholas | Director | 2005-06-02 | 2006-07-10 |
| BOWE, Amanda Helen | Director | 2018-08-31 | 2024-04-30 |
| BRADBURN, William John | Director | 2000-03-13 | 2002-09-30 |
| CAIRNS, Arlene | Director | 2024-04-01 | 2026-05-07 |
| CALVER, Ronald | Director | 1994-06-17 | 2000-03-13 |
| CARNIE, Jill | Director | 2000-03-13 | 2001-06-30 |
| CHEESEMAN, David Richard | Director | 2017-09-15 | 2019-07-17 |
| CLARKE, Stephen Andrew | Director | 2015-10-12 | 2022-10-01 |
| COWDERY, Clive Adam | Director | 2004-09-30 | 2005-09-06 |
| CRAINE, Roger | Director | 2003-06-26 | 2007-04-30 |
| CRASTON, Ian Adam | Director | 2023-06-01 | 2025-10-31 |
| CRITICOS, Nick | Director | 1998-04-09 | 2000-03-13 |
| CURRAN, Bernard Andrew | Director | 2020-10-01 | 2025-05-08 |
| DALE, Manjit | Director | 2008-06-12 | 2009-09-02 |
| DAVIDSON, Anthony Beverley | Director | 2005-01-26 | 2015-10-12 |
| EAKINS, Michael John | Director | 2020-07-23 | 2022-10-01 |
| EGAN, Philip Stephen | Director | 2000-03-13 | 2003-04-30 |
| EVANS, Jonathan Peter | Director | 2009-11-02 | 2016-08-31 |
| FERGUSON, Duncan George Robin | Director | 2005-01-26 | 2009-09-25 |
| GALLAGHER, James Daniel | Director | 2020-07-23 | 2021-09-30 |
| GREENFIELD, Richard Edward Keith | Director | 1998-04-09 | 2007-12-31 |
| HALL, Brian John | Director | 1997-12-19 | 2000-03-13 |
| HANBY, Peter Nicholas | Director | 2003-01-14 | 2004-04-01 |
| HANCE, Julian Christopher | Director | 1996-11-11 | 1998-04-23 |
| HASSALL, Margaret Grace | Director | 2020-07-23 | 2023-03-31 |
| HAWKES, Edward Jonathan Cameron | Director | 2008-08-13 | 2009-09-02 |
| HEATHER, David Murray | Director | — | 1993-08-12 |
| HOUGHTON, Richard David | Director | 2018-08-31 | 2019-12-31 |
| IQBAL, Mohammed | Director | — | 1996-08-31 |
| KEANE, John Joseph | Director | 2000-03-13 | 2002-08-31 |
| KERR, Andrew | Director | 2000-03-13 | 2003-04-30 |
| KIPLING, Michael Robert | Director | 2003-05-27 | 2008-07-10 |
| LISTER, John Robert | Director | 2016-09-01 | 2025-08-24 |
| LUSCOMBE, Kerr | Director | 2007-11-20 | 2010-02-09 |
| MAIDENS, Ian Graham | Director | 2005-03-31 | 2008-08-22 |
| MATTHEWS, Fiona | Director | 2004-02-26 | 2005-09-06 |
| MAYES, Peter Kane | Director | 2022-10-01 | 2024-03-31 |
| MCDONNELL, Patrick Francis | Director | 2005-06-02 | 2005-07-15 |
| MCINNES, Susan Davidson | Director | 2020-04-09 | 2020-10-01 |
| MCINNES, Susan Davidson | Director | 2018-04-18 | 2018-08-31 |
| MEANEY, Brid Mary | Director | 2021-04-01 | 2024-08-19 |
| MEEHAN, Brendan Joseph | Director | 2004-09-30 | 2005-09-06 |
| MERRICK, Michael John | Director | 2008-02-22 | 2014-05-19 |
| MILLER, Diana Susan | Director | 2015-05-21 | 2019-12-31 |
| MOHAMMED, Shamira | Director | 2014-10-07 | 2017-06-26 |
| MOSS, Andrew | Director | 2010-06-10 | 2022-10-01 |
| MOSS, Jonathan Stephen | Director | 2008-05-01 | 2009-09-02 |
| NEWMAN, James Allen | Director | 2006-08-30 | 2008-05-01 |
| O'BRIEN, Christopher David | Director | 1998-04-09 | 1999-11-30 |
| OSMOND, Hugh Edward Mark | Director | 2008-06-12 | 2009-09-02 |
| OWEN, Ian Bruce, Dr | Director | 2007-07-03 | 2009-09-09 |
| PARK, Jean Craig | Director | 2010-04-01 | 2013-06-19 |
| PARRY, David Ronald | Director | — | 1998-04-22 |
| PATER, George Stephan | Director | 1998-03-30 | 2002-10-31 |
| PEARS, Jonathan Robson, Dr | Director | 2018-08-31 | 2022-10-01 |
| PERCIVAL, Stephen Keith | Director | 2019-07-17 | 2021-03-31 |
| POTKINS, Martin | Director | 2007-07-18 | 2008-05-01 |
| POYNTZ-WRIGHT, Nicholas Hugh | Director | 2016-05-03 | 2024-12-31 |
| RICHARDSON, David Louis | Director | 2012-04-26 | 2013-01-31 |
| ROSS, Michael David | Director | 2008-06-12 | 2016-03-31 |
| SHORE, Donald | Director | — | 1998-04-30 |
| SIDWELL, John | Director | 1993-10-01 | 1996-08-05 |
| SINGLETON, Graham Lloyd | Director | 2007-11-20 | 2008-09-30 |
| SINGLETON, Graham Lloyd | Director | 2005-09-06 | 2006-08-30 |
| SMITH, John Simon Bertie | Director | 2008-05-01 | 2010-03-25 |
| SNOW, Anthony Wayne | Director | 2013-08-08 | 2018-03-15 |
| STOCKTON, Robert Paul | Director | 2007-03-29 | 2008-07-10 |
| TAMBERLIN, Layton Gwyn | Director | 2008-10-06 | 2009-06-04 |
| THAKRAR, Rakesh Kishore | Director | 2022-10-01 | 2024-07-31 |
| THAKRAR, Rakesh Kishore | Director | 2018-07-23 | 2020-05-15 |
| THOMPSON, Paul Andrew | Director | 2005-09-06 | 2006-07-10 |
| TREEN, William Raymond | Director | 2009-11-25 | 2015-05-21 |
| TRUE, Simon Charles | Director | 2013-09-02 | 2018-03-09 |
| URMSTON, Michael Norris | Director | 2009-11-11 | 2021-10-31 |
| WARR, Mike | Director | 2000-03-13 | 2002-10-31 |
| WHITE, Melvin | Director | — | 1998-04-21 |
| YATES, Jonathan James | Director | 2010-06-24 | 2011-12-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pearl Life Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 521 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-13 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-11-11 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-11-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-24 | CH01 | officers | Change person director company with change date | |
| 2025-08-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-26 | AA | accounts | Accounts with accounts type full | |
| 2025-06-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-29 | CH01 | officers | Change person director company with change date | |
| 2025-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-02 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 4
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+0.8%
£7,278,000,000 £7,337,000,000
-
Cash
-3.9%
£484,000,000 £465,000,000
-
Net assets
—
Not reported
-
Employees
—
Not reported
-
Profit before tax
+0.3%
£315,000,000 £316,000,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers