Asset managers failing at plain English
Standard Life, Legal & General and Santander are among the high profile firms named in a report that criticises asset managers for using obscure language, long sentences and jargon on their websites.
Standard Life
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Two industry heavyweights make major announcements
Standard Life Aberdeen is planning to return £1.75bn (€1.99bn, $2.33bn) in capital to its shareholders after selling its UK and European insurance business, while Old Mutual looks to offer up to 9.6% of shares in Quilter as part of its managed separation.
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Scottish Widows ‘surprised’ by Standard Life Aberdeen challenge
Scottish Widows says Standard Life Aberdeen is a clear and material competitor and it, therefore, has the legal right to terminate its investment management agreement with the firm.
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Standard Life Aberdeen fights to keep axed £109bn contract
Standard Life Aberdeen has challenged Lloyd Banking Group’s decision to pull out of a £109bn ($148bn, €124bn) contract, arguing that there are no material competition concerns.
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Standard Life acquirer reshuffles top deck
Phoenix Group Holdings has restructured and reshuffled its executive committee ahead of combining the Standard Life Assurance business.
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Is it the end for the traditional life insurance model?
Phoenix Group’s acquisition of Standard Life’s insurance arm is “testament to the current re-shaping of the UK life insurance industry” and the “break-up of traditional models”, the group’s chairman said.
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Axa pivots away from life insurance with $15.3bn acquisition
The hits keep coming for the life sector as Europe’s second biggest insurer, Axa, announces a shift from Life & Saving business to Property & Casualty.
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Phoenix is the real winner of Standard Life deal
Standard Life Aberdeen hailed its decision to sell its insurance arm as “a major step” on the road to becoming a “world-class investment company”, but analysts suggest that Phoenix is the real winner here.
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Standard Life Aberdeen reports £31bn outflows
Standard Life Aberdeen (SLA) has reported outflows of £31bn (€35.2bn $43.3bn) in its first annual results as a combined entity following the £11bn merger between Standard Life and Aberdeen Asset Management last year.
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Standard Life offshore bond survives sale to closed book firm
The offshore bond sold by Standard Life will still be available via Phoenix Group after the firm’s life insurance business is acquired, a company spokesperson told International Adviser.
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Phoenix £6bn offshore bond grab opens market to last players
The acquisition of Standard Life Aberdeen’s UK and European insurance arm will net closed book insurer Phoenix Group around £6bn ($8.35bn, €6.8bn) in offshore bonds, Phoenix Group’s head of corporate communications, Shellie Wells, confirmed to International Adviser.
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Standard Life Aberdeen exits life insurance
Following the sale of Standard Life Aberdeen’s insurance arm to consolidator Phoenix Group for £3bn ($4.2bn, €3.4bn), the company will have no insurance business at all, a spokesperson confirmed to International Adviser.