Knowledge

Standard Life

Source 📝

179: 118: 297: 51: 405: 323:
Corporation. It completed this sale on 30 January 2015 for a cash consideration of C$ 4.0bn. The transaction included a Global Collaboration Agreement where Manulife will seek to distribute Standard Life Investments' funds in Canada, the US and Asia. In a round-up of 2014 business, pre-tax profits
331:
In February 2015, Standard Life announced it was launching a wholly-owned, UK financial advice business. In doing so, it confirmed that it had entered into an agreement with Skipton Building Society to purchase Pearson Jones, a firm of financial advisers and paraplanners, and this acquisition was
276:
in January 2010 and then acquired the remaining 75 per cent stake in Threesixty, a financial advisory support business, that it did not already own for an undisclosed sum in March 2010. It sold its healthcare division to Discovery Holdings, a South African business, in May 2010 and went on to buy
196:
An Act to re-incorporate the Standard Life Assurance Company to provide for the control and management of the Company as a mutual company and for the conversion of its share capital into perpetual stock to confer further powers on the Company to repeal existing Acts and for other
385:
In March 2007 the company announced it would cut 1,000 jobs in an attempt to save an additional £100 million per year in costs. One month later it was highlighted in the company's annual report that three of Standard Life's top executives
390:, Keith Skeoch and Trevor Matthews) were awarded more than £5 million in pay. A Standard Life spokesman defended the awards, citing the leadership's efforts in turning around the company's fortunes. 1032: 1062: 284:
a policy-holder, Michael Hogan, who was not happy with the way the company was being run. An e-mail sent to Standard Life executives and advisors (which was disclosed under the
712: 694: 393:
In February 2014, Standard Life announced that it may move parts of their operations outside Scotland in the event of Scottish independence, if it was necessary to do so.
767: 382:" while giving a presentation at one of the company's Edinburgh offices. After issuing an apology, Mr Matthews remained in his job and no disciplinary action was taken. 324:
rose by 19% to £604m, fee-based revenue during the year grew 14% to 1.43bn, and over 340,000 auto-enrolment customers were added. The pay and bonus of Chief Executive,
895: 1042: 726: 515: 308:, in a deal worth up to £83.5 million. In March 2014, it was announced that Standard Life was in advanced talks to purchase rival Phoenix Group Holdings' 1052: 418: 257:
was established in 1825 and reincorporated as a mutual assurance company in 1925. During the 19th century it opened offices in Canada, India, China and
332:
completed in May 2015 when the name of its new financial advice business was announced as "1825" – a reference to the year Standard Life was founded.
1057: 1037: 832: 579: 1077: 1072: 202: 1047: 858: 741: 366:
In May 2021, Phoenix Group acquired the 'Standard Life' brand and in July 2021 Aberdeen Standard Life Group companies rebranded as ‘abrdn’.
639: 909: 463: 340:
In July 2016, a property investment fund managed by Standard Life Investments froze withdrawals after experiencing liquidity issues.
183: 698: 304:
In February 2013, the company acquired the private client division of Newton Management Limited, a UK wealth management unit of
976: 622: 594: 527: 312:
for around £400 million. Towards the end of the month, Standard Life completed the acquisition for a fee of £390 million.
438: 347:, in an all-share merger, subject to shareholder approval. It was announced that the merged company was to be named 491: 35: 344: 1067: 960: 609: 325: 285: 881: 768:"'2016 is shaping up to be a rerun of 2007:' A giant UK property fund is stopping people taking money out" 379: 348: 309: 61: 31: 836: 269: 191: 539: 999: 810: 669: 551: 374:
In January 2007, the head of Standard Life's life and pensions business, Trevor Matthews, used the
117: 503: 320: 71: 647: 296: 936: 889: 207: 351:. This was achieved by Standard Life being renamed Standard Life Aberdeen on 14 August 2017. 410: 265: 17: 142:
is a life assurance, pensions and long-terms savings company in the UK which is owned by
564: 281: 126: 363:
Holdings plc acquired Standard Life from Standard Life Aberdeen plc for £2.9 billion.
1026: 387: 360: 143: 131: 220: 50: 277:
Focus Solutions Group, a financial software company, for £42m in December 2010.
788: 740:
Osborne, Hilary; Treanor, Jill; Osborne, Hilary; Treanor, Jill (4 July 2016).
400: 305: 100: 910:"Standard Life Aberdeen becomes abrdn as it moves to 'single global brand'" 882:"Britain's Phoenix to buy Swiss Re's ReAssure business for $ 4.1 billion" 833:"Standard Life (UK): Merger with Aberdeen Asset Management (UK) - Update" 273: 319:
operations to The Manufacturers Life Insurance Company, a subsidiary of
713:"Standard Life completes purchase of Pearson Jones in £1bn advice play" 626: 464:"Phoenix brings in Aegon investment head to manage Standard Life brand" 258: 1000:"Scottish independence: Standard Life draws up 'Yes' contingency plan" 811:"CMA clears Standard Life-Aberdeen Asset Management merger - BBC News" 595:"Standard Life in advanced talks to buy Phoenix asset management unit" 375: 316: 235: 742:"Standard Life shuts property fund amid rush of Brexit withdrawals" 789:"Aberdeen Asset Management and Standard Life confirm merger terms" 670:"BBC News - Standard Life reports sharp rise in operating profit" 623:
Manulife to buy Standard Life's Canadian assets for $ 3.7 billion
880:
Cohn, Michael Shields, Simon Jessop, Carolyn (6 December 2019).
580:"Standard Life Wealth acquires Newton's private client division" 343:
In March 2017, Standard Life reached an agreement to merge with
610:"Standard Life ramps up fund business with Ignis acquisition" 859:"Edinburgh pensions operation supports 2,800 jobs in city" 439:"Standard Life history: One of the first Empire builders" 937:"Standard Life boss apologises for making racist remark" 697:. London Stock Exchange. 6 February 2015. Archived from 504:
Standard Life policyholders rush to cash in on flotation
492:
Standard Life history: One of the first Empire builders
727:"Standard Life names restricted advice business 1825" 315:
In September 2014, Standard Life agreed to sell its
300:
Head office building located in Edinburgh, Scotland
244: 234: 229: 219: 214: 201: 190: 164: 125: 108: 95: 77: 67: 57: 1033:Financial services companies established in 1825 565:"E-mail reveals Standard Life 'smeared' critic" 280:In January 2006, Standard Life were accused of 1063:Life insurance companies of the United Kingdom 640:"CityAM News - Disposal of Canadian Companies" 528:Standard Life takes full control of Threesixty 268:took place and the company was floated on the 272:. The company sold Standard Life Bank plc to 8: 894:: CS1 maint: multiple names: authors list ( 43: 516:Barclays buys Standard Life Bank for £226m 166:Standard Life Assurance Company's Act 1925 161: 116: 49: 42: 295: 288:) revealed an attempt to discredit him. 240:Standard Life Assurance Company Act 1991 540:Standard Life sells healthcare division 430: 977:"Fury at £5m for Standard Life bosses" 971: 969: 961:Standard Life in bid to axe 1,000 jobs 887: 487: 485: 1043:British companies established in 1825 835:. FTSE. 9 August 2017. Archived from 578:Nicole Blackmore (27 February 2013). 7: 766:Williams-Grut, Oscar (5 July 2016). 715:. Professional Adviser. 11 May 2015. 695:"London Stock Exchange, Market News" 729:. Professional Adviser. 1 May 2015. 25: 1053:Former mutual insurance companies 935:Treanor, Jill (26 January 2007). 552:Standard Life buys Focus for £42m 419:List of managers of Standard Life 567:. FOIA Centre. 25 February 2006. 518:Daily Telegraph, 26 October 2009 403: 184:Parliament of the United Kingdom 177: 44:Standard Life Assurance Limited. 1058:Insurance companies of Scotland 1038:1825 establishments in Scotland 506:The Guardian, 24 September 2006 328:, rose by 23% to almost £5.5m. 255:Standard Life Assurance Company 608:Simon Jessop (26 March 2014). 494:The Scotsman, 2 September 2010 1: 1078:2021 mergers and acquisitions 1073:2018 mergers and acquisitions 593:Richa Naidu (24 March 2014). 1048:Companies based in Edinburgh 979:. Edinburghnews.scotsman.com 963:Evening Times, 23 March 2007 884:– via www.reuters.com. 83:; 199 years ago 530:The Scotsman, 15 March 2010 27:UK based investment company 1094: 159:United Kingdom legislation 36:Standard Insurance Company 29: 18:Andrew Rutherford Davidson 554:BBC News, 7 December 2010 345:Aberdeen Asset Management 176: 171: 48: 30:For other companies, see 998:BBC (27 February 2014). 791:. BBC News. 6 March 2017 380:nigger in the woodpile 349:Standard Life Aberdeen 310:Ignis Asset Management 301: 62:Public limited company 32:Standard Life (Canada) 542:BBC News, 11 May 2010 299: 270:London Stock Exchange 286:Data Protection Act 110:Number of employees 45: 629:, 4 September 2014 470:. 23 February 2021 321:Manulife Financial 302: 208:15 & 16 Geo. 5 114:6,431 (2015)  72:Financial services 861:. Herald Scotland 839:on 11 August 2017 468:Corporate Adviser 251: 250: 230:Other legislation 172:Act of Parliament 137: 136: 16:(Redirected from 1085: 1012: 1011: 1009: 1007: 995: 989: 988: 986: 984: 973: 964: 958: 952: 951: 949: 947: 932: 926: 925: 923: 921: 906: 900: 899: 893: 885: 877: 871: 870: 868: 866: 855: 849: 848: 846: 844: 829: 823: 822: 820: 818: 807: 801: 800: 798: 796: 785: 779: 778: 776: 774: 763: 757: 756: 754: 752: 737: 731: 730: 723: 717: 716: 709: 703: 702: 691: 685: 684: 682: 680: 666: 660: 659: 657: 655: 646:. Archived from 636: 630: 620: 614: 613: 605: 599: 598: 590: 584: 583: 575: 569: 568: 561: 555: 549: 543: 537: 531: 525: 519: 513: 507: 501: 495: 489: 480: 479: 477: 475: 460: 454: 453: 451: 449: 443:www.scotsman.com 435: 413: 411:Companies portal 408: 407: 406: 246:Status: Repealed 181: 180: 167: 162: 121: 120: 104: 91: 89: 84: 53: 46: 21: 1093: 1092: 1088: 1087: 1086: 1084: 1083: 1082: 1068:Scottish brands 1023: 1022: 1021: 1016: 1015: 1005: 1003: 997: 996: 992: 982: 980: 975: 974: 967: 959: 955: 945: 943: 934: 933: 929: 919: 917: 914:Investment Week 908: 907: 903: 886: 879: 878: 874: 864: 862: 857: 856: 852: 842: 840: 831: 830: 826: 816: 814: 809: 808: 804: 794: 792: 787: 786: 782: 772: 770: 765: 764: 760: 750: 748: 739: 738: 734: 725: 724: 720: 711: 710: 706: 701:on 29 May 2015. 693: 692: 688: 678: 676: 668: 667: 663: 653: 651: 638: 637: 633: 621: 617: 607: 606: 602: 592: 591: 587: 577: 576: 572: 563: 562: 558: 550: 546: 538: 534: 526: 522: 514: 510: 502: 498: 490: 483: 473: 471: 462: 461: 457: 447: 445: 437: 436: 432: 427: 409: 404: 402: 399: 372: 357: 338: 294: 266:demutualisation 247: 186: 178: 165: 160: 157: 152: 115: 111: 99: 87: 85: 82: 39: 28: 23: 22: 15: 12: 11: 5: 1091: 1089: 1081: 1080: 1075: 1070: 1065: 1060: 1055: 1050: 1045: 1040: 1035: 1025: 1024: 1020: 1019:External links 1017: 1014: 1013: 990: 965: 953: 927: 901: 872: 850: 824: 802: 780: 758: 732: 718: 704: 686: 661: 650:on 29 May 2015 631: 615: 600: 585: 570: 556: 544: 532: 520: 508: 496: 481: 455: 429: 428: 426: 423: 422: 421: 415: 414: 398: 395: 371: 368: 356: 353: 337: 334: 293: 290: 249: 248: 245: 242: 241: 238: 232: 231: 227: 226: 223: 217: 216: 212: 211: 205: 199: 198: 194: 188: 187: 182: 174: 173: 169: 168: 158: 156: 153: 151: 148: 135: 134: 129: 123: 122: 112: 109: 106: 105: 103:, Scotland, UK 97: 93: 92: 79: 75: 74: 69: 65: 64: 59: 55: 54: 26: 24: 14: 13: 10: 9: 6: 4: 3: 2: 1090: 1079: 1076: 1074: 1071: 1069: 1066: 1064: 1061: 1059: 1056: 1054: 1051: 1049: 1046: 1044: 1041: 1039: 1036: 1034: 1031: 1030: 1028: 1018: 1001: 994: 991: 978: 972: 970: 966: 962: 957: 954: 942: 938: 931: 928: 916:. 5 July 2021 915: 911: 905: 902: 897: 891: 883: 876: 873: 860: 854: 851: 838: 834: 828: 825: 812: 806: 803: 790: 784: 781: 769: 762: 759: 747: 743: 736: 733: 728: 722: 719: 714: 708: 705: 700: 696: 690: 687: 675: 671: 665: 662: 649: 645: 641: 635: 632: 628: 624: 619: 616: 611: 604: 601: 596: 589: 586: 581: 574: 571: 566: 560: 557: 553: 548: 545: 541: 536: 533: 529: 524: 521: 517: 512: 509: 505: 500: 497: 493: 488: 486: 482: 469: 465: 459: 456: 444: 440: 434: 431: 424: 420: 417: 416: 412: 401: 396: 394: 391: 389: 388:Sandy Crombie 383: 381: 377: 369: 367: 364: 362: 361:Phoenix Group 354: 352: 350: 346: 341: 335: 333: 329: 327: 322: 318: 313: 311: 307: 298: 291: 289: 287: 283: 278: 275: 271: 267: 262: 260: 256: 243: 239: 237: 233: 228: 224: 222: 218: 213: 209: 206: 204: 200: 195: 193: 189: 185: 175: 170: 163: 154: 149: 147: 145: 144:Phoenix Group 141: 140:Standard Life 133: 132:Phoenix Group 130: 128: 124: 119: 113: 107: 102: 98: 94: 80: 76: 73: 70: 66: 63: 60: 56: 52: 47: 41: 37: 33: 19: 1004:. Retrieved 993: 981:. Retrieved 956: 944:. Retrieved 941:The Guardian 940: 930: 918:. Retrieved 913: 904: 875: 863:. Retrieved 853: 841:. Retrieved 837:the original 827: 815:. Retrieved 805: 793:. Retrieved 783: 771:. Retrieved 761: 749:. Retrieved 746:The Guardian 745: 735: 721: 707: 699:the original 689: 677:. Retrieved 673: 664: 652:. Retrieved 648:the original 643: 634: 618: 603: 588: 573: 559: 547: 535: 523: 511: 499: 472:. Retrieved 467: 458: 446:. Retrieved 442: 433: 392: 384: 373: 365: 358: 342: 339: 330: 314: 303: 279: 274:Barclays plc 263: 254: 252: 225:31 July 1925 221:Royal assent 139: 138: 96:Headquarters 58:Company type 40: 1006:27 February 813:. Bbc.co.uk 370:Controversy 355:2018 - 2021 236:Repealed by 1027:Categories 654:2 February 612:. Reuters. 597:. Reuters. 582:. Fundweb. 474:19 October 448:27 October 425:References 326:David Nish 306:BNY Mellon 192:Long title 843:10 August 359:In 2018, 336:2016–2017 292:2011–2015 210:. c. xlii 197:purposes. 155:1825–2010 101:Edinburgh 983:19 April 946:14 April 890:cite web 865:31 March 817:8 August 773:14 April 751:14 April 679:21 March 674:BBC News 397:See also 378:phrase " 317:Canadian 282:smearing 264:In 2006 203:Citation 68:Industry 795:7 March 627:Reuters 259:Uruguay 150:History 86: ( 78:Founded 920:6 July 644:CityAM 376:racist 127:Parent 1002:. BBC 215:Dates 1008:2014 985:2011 948:2017 922:2021 896:link 867:2021 845:2017 819:2017 797:2017 775:2017 753:2017 681:2015 656:2015 476:2021 450:2021 253:The 88:1825 81:1825 34:and 1029:: 968:^ 939:. 912:. 892:}} 888:{{ 744:. 672:. 642:. 625:. 484:^ 466:. 441:. 261:. 146:. 1010:. 987:. 950:. 924:. 898:) 869:. 847:. 821:. 799:. 777:. 755:. 683:. 658:. 478:. 452:. 386:( 90:) 38:. 20:)

Index

Andrew Rutherford Davidson
Standard Life (Canada)
Standard Insurance Company

Public limited company
Financial services
Edinburgh
Edit this on Wikidata
Parent
Phoenix Group
Phoenix Group
Parliament of the United Kingdom
Long title
Citation
15 & 16 Geo. 5
Royal assent
Repealed by
Uruguay
demutualisation
London Stock Exchange
Barclays plc
smearing
Data Protection Act

BNY Mellon
Ignis Asset Management
Canadian
Manulife Financial
David Nish
Aberdeen Asset Management

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.