WH Smith de-risks pensions scheme via Standard Life insurance policy August 8, 2022 WH Smith on Monday said it had taken out a bulk annuity insurance policy with Standard Life, through which the Phoenix Group subsidiary will cover the costs of the retailer’s £1bn pension scheme. The high-street bookseller’s insurance policy will see Standard Life pay the pensions of the almost 13,000 members of WH Smith’s defined [...]
Standard Life Aberdeen officially changes name to abrdn July 5, 2021 Standard Life Aberdeen has officially changed its name to abrdn, the company announced this morning. The firm’s stock market ticker was changed from SLA to ABDN at 8am today. Stephen Bird, CEO of abrdn plc, says: “I’m very excited to have reached this milestone. abrdn is so much more than a new name, it’s about our business coming together [...]
Standard Life Aberdeen appoints Caroline Connellan as new CEO of personal wealth May 17, 2021 Standard Life Aberdeen has appointed Brooks Macdonald CEO Caroline Connellan as its new chief executive of personal wealth. The firm, which will retain its vowels until its summer rebrand as Abrdn, will welcome Connellan to its London offices. She will report directly to CEO Stephen Bird as a member of the executive leadership team. Connellan [...]
Standard Life Aberdeen to change name to Abrdn April 26, 2021 Fund manager Standard Life Aberdeen has today announced that it will change its name to Abrdn in an effort to shore up its brand identity. The rebranding process will begin in the summer with the aim of creating a “digitally-enabled brand” that will be used for all the company’s client-facing businesses globally. The Abrdn brand, [...]
Standard Life Aberdeen remains optimistic despite 2020 profit slump March 9, 2021 Standard Life Aberdeen suffered a drop in profits in 2020, the fund manager announced today. Operating profit fell 27 per cent to £219m last year, while adjusted pre-tax profit dropped 16 per cent to £487m. The firm finished the year with a strong surplus capital position of £2.3bn, compared to £1.7bn in 2019, benefitting from [...]
Standard Life Aberdeen profit hit by coronavirus and £25bn Lloyds withdrawal August 7, 2020 Standard Life Aberdeen’s pre-tax profit slumped 30 per cent to £195m in the first half of 2020 after Lloyds withdrew £25bn in the peak of the pandemic. The figures Fee-based revenue fell 13 per cent to £706m as clients pulled their money out to lower fee assets and Lloyds’ scheduled withdrawal of assets. That missed [...]
Standard Life Aberdeen profit slips as investors withdraw funds March 10, 2020 Standard Life Aberdeen’s underlying profit dropped 10 per cent in 2019 as investors continued to withdraw their cash from its funds, hurting revenue. The figures Fee-based revenue fell 13 per cent to £1.63bn after net outflows in 2018 and 2019. And adjusted profit before tax dropped 10 per cent year on year to £584m as [...]
Standard Life Aberdeen to offer nine months’ fully paid parental leave October 30, 2019 Investment company Standard Life Aberdeen (SLA) is to offer all its employees nine months of fully-paid leave when they become parents, and one year’s total leave. SLA said the leave would be available to all new parents, irrespective of gender, family situation, or how long they have worked for the company. Read more: Martin Gilbert [...]
City giant Martin Gilbert reveals which Tory leadership contender he thinks is ‘amazing’ May 20, 2019 City titan Martin Gilbert has talked up environment secretary Michael Gove as the next Conservative leader, dubbing him “amazing”. Gilbert, who co-founded Aberdeen Asset Management in 1983, was full of praise for the Brexit campaigner in an interview with City A.M. on the fringes of the City Week 2019 conference. “I think he’s amazing, I [...]
Positive markets help Standard Life Aberdeen boost assets in first quarter May 14, 2019 Assets under management at Standard Life Aberdeen increased by three per cent in the first quarter, helped by positive market movements. The company said assets under management hit £568.9bn, up from £551.5bn at the same point last year. Read more: Standard Life Aberdeen wins £100bn asset dispute with Lloyds It said positive market movements were [...]