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...
Plus agrees five-year partnership
After he took steps to reduce tax liability
‘Making sure everyone, no matter who they are, can achieve their potential’
At The HAC, London
Following 'digital transformation'