Phoenix Group Holdings PLC 2022 Capital Markets Event Transcript
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.
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
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