NPI is a member of the Phoenix group of companies. The Phoenix Group is a specialist owner/manager of long-term savings and investment portfolios which also includes Pearl, Phoenix, London Life and Scottish Mutual International. Phoenix Group Holdings owns the UK’s largest ‘closed’ life funds business. The group has £68.5 billion¹ assets under management and serves more than 6 million¹ policyholders.

¹As at 30 June 2011

As part of The Phoenix Group, NPI also provides access to a range of financial products including car, home, travel and life insurance.

* NPI now includes the closed life funds of Pearl Assurance (Unit Funds) Limited, Pearl Assurance (Unit Linked Pensions) Limited and London Life Linked Assurances Limited following the transfer of business to them from other Group companies on 1 October 2006. A fund is defined as ‘closed’ if no new policies are being sold, ie. it is closed to new business. In the UK, there are approximately 70 closed life funds with a value of more than £290 billion, amounting to one fifth of the long-term insurance sector.

Our history

Visit our history page to find out more about NPI’s history, dating back to 1835.