Phoenix - more deals ahead ?

[monabri]

"The boss of zombie life insurer Phoenix has said the firm's £3.2bn deal with Standard Life Aberdeen is "not the final destination" and there will be more takeovers to come. "

"The business, which is currently registered in the Cayman Islands and domiciled in Jersey, will be officially based in the UK by the end of this year. "

https://www.telegraph.co.uk/business/20 ... nixs-boss/

And another article

https://www.telegraph.co.uk/pensions-re ... exit-fees/

Up to 150,000 Phoenix Life pension customers have had a barrier to moving their money lifted as the company revealed it will no longer punish them for leaving.

[Alaric]

"The business, which is currently registered in the Cayman Islands and domiciled in Jersey, will be officially based in the UK by the end of this year. "

The Corporate Notification of a new UK holding Company has just come through.

It's 1 for 1, so no change to the number of shares. If you hold it in a taxed account and do an SA 100, dividends from Phoenix will no longer have to be separated out.

[jackdaww]

i had no idea this was not a uk company ,

dont know why i missed that .

[monabri]

TBH, me neither but there is a clue...

"Company address 1st Floor, 32 Commercial Street, St Helier, JE2 3RU, Jersey"

So, another thing to sort out on the tax return in the "other" section of the return....


(just for interest, I note that European Assets Trust are "moving" from The Netherlands to the UK..."Unilever in reverse" )