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Phoenix is set to return £68m to Standard Life Aberdeen after compensation for annuity sales failures by SLA’s insurance arm came in below Phoenix’s estimates when it acquired the business. Back in 2016, the FCA published a thematic review into how non-advised annuities were sold across the market, raising concerns
The oil giant told staff last month that the new model will start for office-based staff this summer.
Discussions are being held between insurance giants and Ministers on allowing pension funds to invest in affordable homes and start-up companies as part of a plan to help regenerate the nation.
Standard Life Aberdeen is clearly focusing on asset management while Phoenix is happy to grab a brand with a heritage dating back around 200 years
Good morning and welcome to your Morning Briefing for Tuesday 23 February, 2021. To get this in your inbox every morning click here. Bye-Bye To A Big Brand In the life company space, brands don't come much bigger than Standard Life. A few weeks ago, rumours circulated that the two-century-old name could be sold to