Maitland/AMO has been Phoenix Group’s retained advisor since 2011, supporting the closed-life fund consolidator as it undertook significant restructuring and regrouped after a number of unsuccessful bid approaches.
Raise the profile of the group as it reduced debt and restructured for future growth.
Phoenix’s share price has doubled since Maitland/AMO’s appointment and the company has completed its restructuring programme, including the divestment of Ignis Asset Management to Standard Life in 2014. Maitland/AMO worked closely with Phoenix as it launched a wide-ranging report into the future of the pensions industry in 2015 and announced the acquisition of AXA Wealth’s pension and protection business in 2016. In 2018, Phoenix announced that it would acquire Standard Life Assurance for £2,930m, making it the pre-eminent life fund consolidator in Europe and fulfilling the growth ambitions of the company.