Dec 06, 2022 / 10:00AM GMT
Operator
Good morning. Welcome to Phoenix Group Capital Markets Event 2022. I will now hand over to Andy Briggs, Group Chief Executive Officer, to introduce this session. Andy, over to you.
Andrew David Briggs - Phoenix Group Holdings plc - Group CEO & Director
Thank you, and good morning, everybody, and welcome to Phoenix Group's 2022 Capital Markets event. I have to say, post COVID, I still get a buzz seeing a big group of familiar faces altogether. So thanks very much indeed for joining us in person today.
Phoenix is the U.K.'s largest long-term savings and retirement business. with 13 million customers and GBP 270 billion of assets under administration, which gives us scale businesses across the markets we play in. We offer a compelling equity story through the delivery of our clear financial framework that creates shareholder value.
Starting with cash. We deliver high levels of predictable cash from our existing in-force business. Not many companies can talk of an 8.5% dividend yield that is covered by today's in-force business for over 20
Phoenix Group Holdings PLC 2022 Capital Markets Event Transcript
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