Standard Life Aberdeen has sold its insurance business to Phoenix Group in a £3bn deal.
Standard Life Aberdeen will retain its adviser platforms Wrap, Elevate and Parmenion and financial advice business 1825. The sale sees the disposal of Standard Life Assurance with the transfer of the UK mature retail and spread/risk books to Phoenix. It has also disposed of the Europe, UK retail and workplace businesses, an announcement to the stock exchange said. On completion Standard Life Aberdeen will receive total consideration of £3.24bn, comprising cash consideration of £2.28bn and...
Our biggest Protection & Health Summit yet comes to Hilton London Bankside on 4 October
Departure of managing director behind 'Rewire Routines' campaign opens two new roles alongside other key changes
Those caring for children and older relatives are under financial strain, research finds
How group income protection policies can offer legal support to business owners