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Preservation Capital Partners snaps up Parmenion By Katey Pigden 9 th March 2021 3:20 pm European private equity firm Preservation Capital Partners has acquired Parmenion from Standard Life Aberdeen in a deal worth £102m. The future of the platform still remained uncertain this morning when SLA published its financial results and indicated it was still on the hunt for a buyer. News emerged that Parmenion was up for sale in November last year. Stephen Bird, who took over as chief executive of SLA in September 2020, has wasted no time in reviewing the various parts ...

25 th February 2021 5:08 pm Standard Life Aberdeen’s branding review across the group will see the name of its adviser platforms change but the “expertise and dedication” of the teams will remain. After a wide-ranging deal with Phoenix, Standard Life Aberdeen agreed to sell the Standard Life brand for an undisclosed sum. Updating advisers about the changes, Standard Life Savings chief executive Noel Butwell (pictured), who is responsible for the Wrap and Elevate platforms, said: “The brand name of our platforms will change in time. The expertise and dedication of the teams that work...

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

Standard Life Aberdeen has sold the Standard Life brand to Phoenix for an undisclosed sum. News emerged earlier this month that the history of the two-century old brand could be coming to an end as the Standard Life Aberdeen group looked to offload the moniker. The firms have agreed that Phoenix will purchase the

SLA will rebuild around its asset management and platforms businesses