REG - Phoenix Grp Hldgs - Phoenix Group Holdings - 2016 Annual Results <Origin Href="QuoteRef">PHNX.L</Origin> - Part 20

Phoenix groupAnnouncement

20/03/2017 07:07

- Part 20: For the preceding part double click  ID:nRST8776Zs 

                                
 PROTECTION POLICY                      A policy which provides benefits payable on certain events. The benefits may be a single lump sum or a series of payments and may be payable on death, serious illness or sickness                                                                                                                                                                                                                                                                                                          
 SHAREHOLDER CAPITAL COVERAGE RATIO     The Shareholder Capital Coverage Ratio represents the  shareholder view of the Group solvency position and is calculated as the ratio of Eligible Own Funds to SCR adjusted to exclude amounts relating to those unsupported with-profit funds and Group pension schemes whose Own Funds exceed their SCR                                                                                                                                                                                   
 SOLVENCY II                            A new regime for the prudential regulation of European insurance companies that came into force on 1 January 2016                                                                                                                                                                                                                                                                                                                                                                           
 SOLVENCY II SURPLUS                    The excess of Eligible Own Funds over the Solvency Capital Requirement                                                                                                                                                                                                                                                                                                                                                                                                                      
 SOLVENCY CAPITAL REQUIREMENTS ('SCR')  SCR relates to the risks and obligations to which the Group is exposed, and is calibrated so that the likelihood of a loss exceeding the SCR is less than 0.5% over one year. This ensures that capital is sufficient to withstand a broadly '1 in 200 year event'                                                                                                                                                                                                                          
 STANDARD FORMULA                       A set of calculations prescribed by the Solvency II regulations for generating the SCR                                                                                                                                                                                                                                                                                                                                                                                                      
 TRANSITIONAL MEASURES ON TECHNICAL     Transitional Measures to Technical Provisions ('TMTP') is an allowance, subject to the PRA's approval, to apply a transitional deduction to technical provisions. The transitional deduction corresponds to the difference between net technical provisions calculated in accordance with Solvency II principals and net technical provisions calculated in accordance with the previous regime is expected to decrease linearly over a period of 16 years starting from 1 January 2016 to 1 
 PROVISIONS                             January 2032                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 TSR                                    Total Shareholder Return - The total return, over a fixed period, to an investor in terms of share price growth and dividends (assuming that dividends paid are re-invested, on the ex-dividend date, in acquiring further shares)                                                                                                                                                                                                                                                          
 UK CORPORATE GOVERNANCE CODE           Standards of good corporate governance practice in the UK relating to issues such as board composition and development, remuneration, accountability, audit and relations with shareholders                                                                                                                                                                                                                                                                                                 
 UKCPT                                  UK Commercial Property Trust Limited - A property subsidiary of the Group which is domiciled in Guernsey and listed on the London Stock Exchange                                                                                                                                                                                                                                                                                                                                            
 UK GAAP                                Generally Accepted Accounting Principles adopted within the UK                                                                                                                                                                                                                                                                                                                                                                                                                              
 UNIT-LINKED POLICY                     A policy where the benefits are determined by the investment performance of the underlying assets in the unit-linked fund                                                                                                                                                                                                                                                                                                                                                                   
 WITH-PROFIT FUND                       A fund where policyholders are entitled to a share of the profits of the fund. Normally, policyholders receive their share of the profits through bonuses. Also known as a participating fund as policyholders have a participating interest in the with-profit funds and any declared bonuses. Generally, policyholder and shareholder participation in the with-profit funds in the UK is split 90:10                                                                                     
 
 
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REDUCING OUR ENVIRONMENTAL IMPACT 
 
In line with our Corporate Responsibility programme, and as part of our desire to reduce our environmental impact, you can
view key information on our website. 
 
INVESTOR RELATIONS 
 
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Design and production Radley Yeldar 
 
Phoenix group holdings 
 
Registered address 
 
Phoenix Group Holdings
Po Box 309
Ugland House
Grand Cayman Ky1-1104
Cayman Islands 
 
Cayman Islands Registrar of Companies Number 202172 
 
Principal Place of business 
 
Phoenix Group Holdings
1st Floor
32 Commercial Street
St Helier JE2 3RU
Jersey 
 
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