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Evening Standard
Evening Standard
Business
Mark Banham

Phoenix Group buys insurer Sun Life UK for £248 million

Phoenix Group Sun Life Sun United Kingdom

Andy Briggs is boss of Phoenix Group

(Picture: Phoenix Group )

Insurer Sun Life UK has been bought by London-based Phoenix Group for £248 million.

Phoenix Group is the UK’s largest long-term savings and retirement business with more than 13 million customers and £310 billion of assets under administration and will acquire the insurer in an all cash deal.

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