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Phoenix boss calls for pensions shake-up to boost stock market
March 22, 2024
|Evening Standard
BRITAIN'S biggest pension provider today called for a shake-up of regulations to make it easier for funds to invest in UK assets, boosting returns to customers and coming to the aid of a moribund stock market.
Phoenix Group, which looks after £238 billion on behalf of 12 million policyholders, is on the up.
It generated cash of £2 billion for the year, up from £1.5 billion. That frees it up to pay a final dividend of 26.65p a share, up 2.5%, and to promise investors it plans to increase that divi each year.
CEO Andy Briggs has been pushing regulators and the Government to incentivise pension funds to invest in UK shares and UK assets in general.
هذه القصة من طبعة March 22, 2024 من Evening Standard.
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