Proposed strategic partnership with Phoenix Group

Standard Life is changing - what does it mean for you?

At the general meeting on 25 June 2018, Standard Life Aberdeen plc shareholders approved 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.

The Standard Life brand is almost 200 years old and is one of the most recognised in the UK long-term savings industry. It has a strong reputation built on high levels of service.

The strategic partnership is committed to ensuring that the service you receive remains unchanged. You don’t need to do anything and there will be no changes to the savings products you have with us, and the supporting services you receive from us. Once the sale completes you will still call Standard Life when you need help.

What this means for you

  • Who would I call?
    You’ll continue to call Standard Life
  • Do I need to download a new app?
    No. Whenever we update the app you’ll be prompted in the usual way.
  • Will I notice anything different?
    All communications you receive and the website will continue to be branded Standard Life.
  • Will my investments change as a result of the proposed sale?
    No. Your investments are unchanged by the proposed sale and partnership.
  • Both the Phoenix Group and ourselves are committed to working together to continue to develop our services.

What happens next

The transaction is subject to regulatory approvals and we will be working closely with the Phoenix Group to finalise it. We expect it to complete in the third quarter of 2018.

Computer icon

UK Customers

If you’d like to check the value of your life savings with us you can use online servicing.

For advisers

Find out what the proposed strategic partnership means for you and your clients.

Learn more

For employers

Find out what the proposed strategic partnership means for you and your employees.

Learn More