Proposed strategic partnership
Standard Life Aberdeen plc shareholders have voted to approve the sale of Standard Life Aberdeen’s UK and European insurance business to the Phoenix group, as part of our enhanced strategic partnership with the Phoenix Group. The transaction is subject to regulatory approval and we will be working closely with the Phoenix Group to finalise it. We expect it to complete in the third quarter of 2018.
Standard Life Aberdeen will still provide the Wrap and Elevate platforms, adviser proposition and platform support services.