Because of this we are able to focus all our energy and expertise on improving their performance without being distracted by the need to win new customers.

To be the saver-friendly, industry solution for the safe, innovative and profitable management of closed life funds.

Policyholders Life company assets Total shareholder return in 2015 Our operating structure The Group functions provide services to Phoenix Life and manage corporate and strategic activity.

Much more positive start licking faster and faster it might bring her to an orgasm, it can be is to be able to be a short, sharp one.

An individual to use prolonged periods of almost painfully slow flicks among the tongue to place her body in a sensitive point out that provides the opportunity for her to have multiple climaxes.

Operating companies' cash generation is a measure of cash and cash equivalents, remitted by the Group's operating subsidiaries to the holding companies and is available to cover dividends, bank interest and repayments and other items.4.

The Shareholder Capital coverage ratio of 154% excludes Solvency II own funds and SCR of unsupported with-profit funds and Group pension schemes.

We create value for our shareholders by generating profits from the growth of our funds and releasing excess capital as dividends.

We operate a comprehensive risk management framework which identifies, assesses and mitigates the risks facing our Group.

Based in Wythall, Birmingham, it is led by its Chief Executive Officer, Andy Moss.

Manage corporate and strategic activity Hold the financial assets of our policyholders Responsible for providing life companies with all required management services Used by the management services companies to provide policy administration services 12 Read more about our operating structure What we do We create value for our customers by maximising policyholder returns through our specialist expertise and innovative management of closed life funds.

The Ernst & Young Accountants LLP audit opinion on the Phoenix Group Holdings consolidated IFRS financial statements is unqualified. This announcement in relation to Phoenix Group Holdings and its subsidiaries (the 'Group') contains, and we may make other statements (verbal or otherwise) containing, forward-looking statements and other financial and/or statistical data about the Group's current plans, goals and expectations relating to future financial conditions, performance, results, strategy and/or objectives.9.