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Expansion plans

Phoenix to use Standard Life brand as base for growth

Standard Life house
Phoenix: expansion plans Phoenix, the UK’s largest long-term savings and retirement business, plans to build on the Standard Life brand after taking ownership earlier this year. While it is noRead More

Daily Business Live

Phoenix rising; Direct Line rewards staff; Deliveroo IPO

Standard Life house
REFRESH PAGE FOR UPDATES 4.40pm: LibDems back Budget The Scottish Liberal Democrats said they would be supporting the Scottish Budget in tomorrow’s vote (see below). 4.30pm: FTSE surges Shares surgedRead More

Daily Business Live

Springfield; jobs data; HSBC cuts; Facebook; Frasers

Innes Smith
REFRESH PAGE FOR UPDATES 4.30pm: London flat Blue chips trod water most of the day, with the FTSE 100 edging up just 13.7 points to close at 6,625.94. 11.30am: SSERead More

Big staff transfer

Standard Life Aberdeen completes Phoenix handover

Gilbert Clive Bannister Skeoch
Phoenix Group has completed its acquisition of Standard Life Aberdeen's UK and European insurance business.

Update on Phoenix deal

£1.75bn windfall for Standard Life Aberdeen shareholders

Gerry Grimstone
Shareholders will receive a cash windfall following Standard Life Aberdeen's £3.24 billion sale of its UK and European insurance business..

As I See It

Phoenix deal should revive Standard Life Aberdeen

Weekend Comment: Standard Life Aberdeen's decision to sell most of its insurance business marks a historic and seismic change in Scotland's financial services sector that should not be underestimated.

Company focusing on investment...

Standard Life Aberdeen offloads insurance to Phoenix

Gerry Grimstone
Standard Life Aberdeen has announced it is selling its insurance business in a £3 billion deal that will confirm long-held plans for it to focus on asset management.