Phoenix Group set to hit all of its 2012 financial targets

Phoenix Group, the consolidator of closed life assurance funds, is on track to meet all of its 2012 financial targets after a solid third quarter.

Phoenix Group, the consolidator of closed life assurance funds, is on track to meet all of its 2012 financial targets after a solid third quarter.

The group generated £299m of cash in the first nine months of 2012, with a further £218m generated in October, primarily from its life assurance companies.

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