The Phoenix Group is a UK FTSE-250 Listed Life Assurance company, that buys closed life books.

http://www.thephoenixgroup.com/

It has around 4.5 million policyholders and £52 billion assets.

On Wed 28th September, Phoenix announced it was buying Abbey Life from Deutsche Bank who are in the eye of current storm.

http://www.thephoenixgroup.com/investor-relations/proposed-acquisition-of-abbey-life.aspx

Interesting to see the debt structure of Phoenix Life.

http://www.thephoenixgroup.com/~/media/Files/P/Phoenix-Group-v3/Attachments/pdf/2015-phoenix-group-debt-investor-update.pdf

yes, total debt of £12,148 Million

Phoenix offers its shareholders an yield of 3%.

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=2366179&action=