Standard Life targets retirement leadership via strategic acquisitions
The firm proposes a £2 billion Aegon UK purchase and a PRT collaboration to meet its 2026 objectives.
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Retirement savings and income specialist
standardlifeplc.comLast updated
In short: Standard Life reported a 25% profit rise, advanced its $2.7 billion Aegon UK deal, and formed a major pension risk transfer partnership.
The firm proposes a £2 billion Aegon UK purchase and a PRT collaboration to meet its 2026 objectives.
She leads the workplace and retail intermediary divisions following interim leadership. Her decades of industry experience support strategic growth initiatives.
Partners include CVC, Prudential Financial, Goldman Sachs, and MS&AD, combining expertise to secure UK member pensions across large schemes.
The publication highlights executive leadership statements, sustainability progress, and core metrics following the company transition from Phoenix Group to Standard Life plc.
The firm said it had made £210 million worth of cost savings as part of a three-year £250 million cost-cutting target.
IFRS-adjusted operating profit also climbed 25% YoY to £563M, putting the company on track to meet its roughly £1.1B full-year target. AUM also increased 5...
Standard Life PLC (LSE:SL.) has lost its 'buy' rating from UBS, with the Swiss bank downgrading the insurer to 'neutral' despite lifting its price target...
Standard Life on Thursday announced a pension risk transfer (PRT) partnership backed by investments of up to £2 billion ($2.72 billion) with a consortium led...
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