Standard Life
Two industry heavyweights make major announcements
Standard Life Aberdeen is planning to return £1.75bn (€1.99bn, $2.33bn) in capital to its shareholders after selling its UK and European insurance business, while Old Mutual looks to offer up to 9.6% of shares in Quilter as part of its managed separation.
Scottish Widows ‘surprised’ by Standard Life Aberdeen challenge
Scottish Widows says Standard Life Aberdeen is a clear and material competitor and it, therefore, has the legal right to terminate its investment management agreement with the firm.
Standard Life Aberdeen fights to keep axed £109bn contract
Standard Life Aberdeen has challenged Lloyd Banking Group’s decision to pull out of a £109bn ($148bn, €124bn) contract, arguing that there are no material competition concerns.
Standard Life acquirer reshuffles top deck
Phoenix Group Holdings has restructured and reshuffled its executive committee ahead of combining the Standard Life Assurance business.
Best Practice | 15 Mar 18
Is it the end for the traditional life insurance model?
Phoenix Group’s acquisition of Standard Life’s insurance arm is “testament to the current re-shaping of the UK life insurance industry” and the “break-up of traditional models”, the group’s chairman said.