Today Standard Life Aberdeen announced that we are forming a strategic partnership with Phoenix plc.
Standard Life Aberdeen and Phoenix are committed to and excited about the partnership and its potential for the future. Standard Life Aberdeen will have a shareholding in Phoenix and have representation on its Board. The success of the partnership is fundamentally aligned to the ambitions of Phoenix and Standard Life Aberdeen.
Setting our business up for the future
Standard Life Aberdeen plc is continuing on its journey towards establishing itself as a world class investment business. It will now focus exclusively on asset management and distribution.
Phoenix will acquire Standard Life Assurance Limited (SLAL), the entity through which our life and pensions business is written.
Standard Life Ireland and Germany are branches of SLAL. As such, these businesses will transfer to Phoenix on completion of the deal.
The service you receive from us will be unchanged
- Your business is extremely important to us. We understand your needs and we know you value the service our people provide to you and your clients. It is important to us that this level of service continues.
- You and your clients will benefit from the same products, investments, propositions, technology and processes as before.
- At the heart of your clients’ propositions are investments that will continue to be managed by Aberdeen Standard Investments.
- We will continue to trade as Standard Life in the market - it is the underlying ownership only that is changing.
- The services you receive from us will continue to come from the same people in exactly the same way as today.
- Your key contacts remain the same and will continue to support you to deliver great outcomes and experiences for your customers.
- I don’t expect you to experience much change as a result of this announcement.
If you have any questions, please contact your business manager or
call us on 01 639 7900.
Thank you for your continued support and we look forward to continuing to work with you into the future.
Standard Life Ireland