LONDON: The Board of Phoenix Group Holdings plc announced its intention to explore a potential sale of its SunLife Limited business. SunLife is a leading provider of financial protection products direct to the over 50s market in the UK and reported profit after tax of £16 million in 2023. Following a strategic review, the Group…
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Phoenix Group and Standard Life Aberdeen simplify their partnership to accelerate growth
LONDON, UK: Following the acquisition of Standard Life Assurance Limited (SLAL) from Standard Life Aberdeen plc (SLA) in 2018, Phoenix Group and SLA entered into a strategic partnership to advance the interests of both businesses. At the same time SLA became a leading shareholder in Phoenix and today has a strategic shareholding of circa 14%.…