By Najat KantouarPhoenix Group Holdings has upgraded its cash generation target after completing the transfer of Standard Life and Phoenix Life businesses into Phoenix Life. The consolidator of life insurance and pensions said on Monday that it now expects to deliver 1.8 billion pounds ($2.20 billion) of cash generation this year, up from GBP1.3 billion to GBP1.4 billion previously expected.

Source: Wall Street Journal November 13, 2023 18:05 UTC