Savings and retirement provider Phoenix Group is to acquire closed-book UK life insurer Sun Life UK in a deal worth £248m.

Savings and retirement provider Phoenix Group has rebranded its visual identity to reflect its more consumer-led brand.

Savings and retirement provider Phoenix Wealth is to cap charges on some of its pension products from March.

Savings and retirement provider Phoenix Group has recruited Anna Franekova as corporate development director to spearhead its acquisition strategy.