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Standard Life Aberdeen sells life insurance business to focus on asset management

Europe’s second largest asset manager Standard Life Aberdeen (SLA) is selling its life insurance business to Phoenix (PHNX) so it can focus on managing money. The £11bn merger of Standard Life and Aberdeen Asset Management went live on 14 August last year, creating a behemoth with £679bn of assets under management (AUM). However, the recent announcement of the termination of Aberdeen’s ...
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