Phoenix Group Holdings is a specialist closed life assurance fund consolidator that specializes in the management and acquisition of closed life and pension funds. The Company operates through the Phoenix Life segment. The Phoenix Life segment provides a range of whole life, term assurance and pension products. The Company's functions provide services to Phoenix Life, and manage corporate and strategic activity. Phoenix Life is responsible for the management of the Company's life funds. The Company has over two operating United Kingdom life companies, such as Phoenix Life Limited and Phoenix Life Assurance Limited. Together, these companies comprise over 14 with-profit funds and approximately two non-profit funds. The operating companies hold policyholder assets.