September 3, 2008

PHOENIX COS: Faces Arbitration with Former Institutional Clients

COMPANIES: Forethought Financial Group Inc | Forethought Investment Management Inc | Forethought Life Assurance Co | Forethought Life Insurance Co | Phoenix Cos Inc | SCM Advisors LLC
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The Phoenix Companies, Inc. and SCM Advisors, LLC are facing an arbitration commenced with the American Arbitration Association by former institutional clients, Forethought Investment Management, Inc., Forethought Life Insurance Company, Forethought Life Assurance Company and Forethought Financial Group, Inc.

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