Phoenix's UK business shows strength 14 January 2014London Reporter: Georgina Lavers
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Phoenix Fund Services’ UK authorised funds business has grown more than 160 percent in 2013, with PFS in the UK now administering assets of £2.3 billion.
Phoenix Fund Services administers assets of £6.7 billion in total.
Patric Foley-Brickley, managing director of Phoenix Fund Services, said: “Phoenix is delighted that its UK authorised funds business has grown so strongly in the past 12 months. This growth has been driven organically by the extremely strong performance of the specialist fund managers for whom Phoenix provides authorised corporate director (ACD) and fund administration services.”
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