Skip to content
International Adviser
  • Contact
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • IA 100
  • Best Practice
    • Best Practice News
    • Best Practice Awards
  • Media
    • Video
    • Podcast
  • Directory
  • My IA
    • Events
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

Standard Life Aberdeen exits life insurance

By Mark Battersby, 23 Feb 18

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.

Who is Phoenix Group?

A closed life assurance fund consolidator, Phoenix Group specialises in the management and acquisition of closed life and pension funds.

Headquartered in Jersey, it operates primarily in the UK, with the core business segment of life assurance coming under the Phoenix Life brand.

The group is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Andy Moss, chief executive of Phoenix Life, sat down with IA in March 2017 to discuss its acquisition strategy.

The business has previously bought books from high profile providers such as Scottish Provident, Axa Wealth and Abbey Life.

Pages: Page 1, Page 2

Tags: Phoenix | Standard Life

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Cooperation partnership, work together for success, team collaboration, agreement or negotiation, collaborate concept, businessmen handshake on growth arrow joining connection agree to work together.

    Financial planning

    Ascot Lloyd completes acquisition of Aberdeen Financial Planning

    Asia

    Utmost names head of technical sales for Singapore

  • Industry

    Guernsey regulator encourages use of AI to enhance efficiency in financial services

    Europe

    JTC announces leadership changes in Luxembourg to drive ‘next phase of growth’


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.