Phoenix Group, owner of Standard Life and Sun Life, has reserved £70m for the potential impact of Consumer Duty legacy product costs, it revealed in its annual results today.

Andy Briggs, group CEO of Phoenix Group and former chair of the ABI, is to chair a new climate change committee for the trade body.

Former Aviva UK Insurance CEO Andy Briggs is set to replace the retiring group chief executive Clive Bannister at the helm of Phoenix Group Holdings.

Andy Briggs, Aviva’s UK Insurance CEO, is to step down following the recent appointment of Maurice Tulloch as Aviva’s CEO.