Phoenix Group Abandons SunLife Sale
Phoenix Group discontinues Sunlife sale as firm reports profit boost
Sunlife is a major provider of financial protection products, including life insurance, directly to Britons aged over 50.
Phoenix Group drops planned sale of SunLife protection business
Phoenix Group said today (16 September) that the planned sale of its SunLife business is to be discontinued “given the current uncertainty in the protection market”.
Phoenix Group shelves sale of protection provider SunLife
Phoenix Group has decided to “discontinue the sale process” for SunLife, pointing to uncertainty in the protection market.
Phoenix Group scraps plan to sell SunLife over-50s financial services business
Phoenix said the move would not have maximised value for shareholders in the current market, adding that SunLife was a 'valuable asset which contributes to the group’s new business growth'
Phoenix Group halts plans to sell SunLife business
In a statement, the FTSE 100 insurer said it had decided to pull the plug on any potential sales due to the 'current uncertainty in the protection market.
Phoenix Dives As FTSE 100 Firm Cancels SunLife Sale
Divestment plans come to a close after Phoenix put SunLife — which it has owned since 2016 — on the market back in June.
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