Phoenix Group

Standard Life Aberdeen (SLA) has announced it is selling its Standard Life brand to Phoenix Group this year as part of a complex deal. The deal will see Standard Life Aberdeen pay Phoenix Group £115 million.

Dozens of staff at the Edinburgh office of pensions giant Phoenix Group will be made redundant as the firm announced 60 jobs will be cut in March. Phoenix told staff in a video call with senior bosses Stephen Percival and Andy Moss on Monday that cuts would be made in the actuarial service team.

Jim McConville, the finance director who oversaw the takeover of Standard Life Assurance, has announced that he will step down from Phoenix Group. Mr McConville currently runs the Scottish operations of Phoenix Group and helped carry out the £2.9 billion Standard Life Assurance acquisition dea

Aberdeen Standard Investments (ASI) private placement debt team has lent £65 million to the City of London Corporation. The investment was undertaken on behalf of life insurance companies within the Phoenix Group.

Phoenix Group, Europe’s largest life and pensions consolidator, who also owns Standard Life Assurance, has today announced it has completed a £144 million bulk purchase annuity with the Trustee of the Aegon UK Staff Retirement and Death Benefit Scheme. The insurance policy covers around

Around 500 finance jobs could be lost in Edinburgh over the next three years after Phoenix Group announced a new investment in automation.