The Group is a closed life assurance fund consolidator that specialises in the management and acquisition of closed life and pension funds, and operates primarily in the United Kingdom. Measured by total assets, the Group is the largest UK consolidator of closed life assurance funds. The Group has over 6.1 million policyholders and £74 billion of assets held by the Group’s life companies, including the newly acquired Abbey Life, AXA Wealth and SunLife businesses.

Paul conducted a advisory project to Phoenix in 2011 to advise them on the optimal construction of an Investment Office within the Group function. This was implemented in the following years.