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Phoenix’s UK funds business grows more than 60 per cent in 2012

Phoenix Fund Services’ UK funds business has grown more than 60 per cent in 2012 and now administers total funds under management of GBP850m.

Anthony Wolfe, business development director, says: “Phoenix is delighted that its UK funds business has grown so strongly in the past year in a harsh investment environment. This growth has been based upon our support of specialist fund managers who have a clear investment proposition and, despite unhelpful markets, have a strong investment track record. Phoenix looks forward to 2013 which offers the prospect of continued growth in supporting its clients’ success.”

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