By SIMON CONSTABLE
Brexit-weary investors in European stocks might want to take refuge in a solid stock with limited downside and the potential for lasting income: London–based insurer Phoenix Group Holdings. The firm makes its money by buying up closed lines of pensions and life insurance at a discount and then winding down the books of business. An annuity provider, for example, might have stopped selling a product to new customers but needs to service existing customers. Read more here.
Brexit-weary investors in European stocks might want to take refuge in a solid stock with limited downside and the potential for lasting income: London–based insurer Phoenix Group Holdings. The firm makes its money by buying up closed lines of pensions and life insurance at a discount and then winding down the books of business. An annuity provider, for example, might have stopped selling a product to new customers but needs to service existing customers. Read more here.
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