2 August 2016: The CMA has cleared the completed acquisition by Phoenix Group Holdings of SunLife and Embassy businesses (currently owned by AXA UK plc). The full text of the decision is available below.
4 July 2016: The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
Launch of merger inquiry
4 July 2016: The CMA announced the launch of its merger inquiry by notice to the parties.