Standard Life
Standard Life Aberdeen exits life insurance
Following the sale of Standard Life Aberdeen’s insurance arm to consolidator Phoenix Group for £3bn ($4.2bn, €3.4bn), the company will have no insurance business at all, a spokesperson confirmed to International Adviser.
Failed Scottish Widows merger behind Lloyds’ £109bn exit
A failed merger between Lloyds Banking Group’s subsidiary Scottish Widows and Standard Life Aberdeen’s pension and assurance arm was behind the FTSE 100 bank’s decision to terminate its contract with the fund group, it was revealed over the weekend.
Standard Life Aberdeen loses top client
Standard Life Aberdeen has lost its biggest client, Lloyds Banking Group (LBG), after the FTSE 100 bank decided to pull more than £100bn assets over competition concerns.
Standard Life adds £400m to books in firm takeover
Standard Life’s financial planning arm, 1825, has struck a deal to acquire a financial management firm, adding £400m to its assets under advice.
Best Practice | 6 Dec 17
Standard Life adds cashflow modelling tool for wrap advisers
Advisers will be able to illustrate real time and future financial events to support the advice process pre- and post-retirement by using a new cashflow modelling tool on the Standard Life Wrap platform.