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Standard Life Aberdeen PLC (SLA.L)

SLA.L on London Stock Exchange

323.40GBp
21 Sep 2018
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-0.60 (-0.19%)
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36,746,695
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Latest Key Developments (Source: Significant Developments)

Bookrunner Says Books Priced At 352.50P In Standard Life Aberdeen ABB
Thursday, 7 Jun 2018 12:27pm EDT 

June 7 (Reuters) - :BLOCK TRADE - STANDARD LIFE ABERDEEN: BOOKRUNNER SAYS BOOKS PRICED AT 352.50P IN STANDARD LIFE ABERDEEN ABB.  Full Article

Bookrunner Says Orders Below 352.50P Risk Missing In Standard Life Aberdeen Transaction
Thursday, 7 Jun 2018 11:43am EDT 

June 7 (Reuters) - :BLOCK TRADE - STANDARD LIFE ABERDEEN PLC: BOOKRUNNER SAYS ORDERS BELOW 352.50P RISK MISSING TRANSACTION; BOOKS CLOSING AT 6.45 UK TIME.  Full Article

Phoenix Group Says In Talks On First Bulk Purchase Annuity Deal
Thursday, 15 Mar 2018 03:01am EDT 

March 15 (Reuters) - Phoenix Group Holdings ::FY ‍£653 MILLION OF CASH GENERATION 2 (2016: £486 MILLION)​.‍SOLVENCY II SURPLUS OF £1.8 BILLION 3 AS AT 31 DECEMBER 2017 (£1.1 BILLION AS AT 31 DECEMBER 2016)​.PROPOSED FINAL DIVIDEND OF 25.1P PER SHARE, A 5% INCREASE ON 2016 FINAL DIVIDEND.‍SHAREHOLDER CAPITAL COVERAGE RATIO OF 164% AS AT 31 DECEMBER 2017 (139% AS AT 31 DECEMBER 2016)​.INTEGRATION OF AXA WEALTH AND ABBEY LIFE BUSINESSES IS SUBSTANTIALLY COMPLETE, AHEAD OF PLAN.FY ‍GROUP OPERATING PROFIT OF £368 MILLION (2016: £351 MILLION)​.COMBINED COST SAVINGS OF £27 MILLION PER ANNUM DELIVERED AGAINST A TARGET OF £17 MILLION PER ANNUM.‍PROPOSED FINAL DIVIDEND OF 25.1P PER SHARE, A 5% INCREASE ON 2016 FINAL DIVIDEND​.‍NEW LONG-TERM CASH GENERATION TARGET FOR 2018 - 2022 OF £2.5 BILLION​.IN EXCLUSIVE TALKS ON FIRST BULK PURCHASE ANNUITY TRANSACTION.DECISION OF UK TO LEAVE EUROPEAN UNION ('BREXIT') IS NOT EXPECTED TO HAVE ANY MATERIAL DIRECT IMPACT ON EXISTING GROUP.PHOENIX MAY BE AFFECTED BY INDIRECT IMPACT ON INVESTMENT MARKETS FROM ONGOING BREXIT NEGOTIATIONS DURING 2018.PROPOSED SLA ACQUISITION INCLUDES BRANCH OPERATIONS IN IRELAND AND GERMANY WHICH WE EXPECT WILL BE TRANSFERRED TO AN IRISH SUBSIDIARY.ESTIMATES THAT MARKET OPPORTUNITY IS APPROXIMATELY £380 BILLION IN TERMS OF ASSETS HELD WITHIN UK CLOSED LIFE FUNDS.  Full Article

SLA's Skeoch-insurance sale to Phoenix includes Germany, Ireland, annuities
Friday, 23 Feb 2018 02:49am EST 

Feb 23 (Reuters) - Standard Life Aberdeen ::CO-CEO SKEOCH SAYS ~SALE TO PHOENIX INVOLVES WITH-PROFIT BOOK, DEFINED CONTRIBUTION PENSION FUNDS, GERMAN, IRISH INSURANCE BUSINESSES, ANNUITIES.CO-CEO GILBERT SAYS ~ "MORE OUT OF SADNESS THAN ANYTHING ELSE" THAT LLOYDS MANDATE ENDED, HOPEFULLY WILL GET CHANCE TO RETENDER.  Full Article

Standard Life Aberdeen Says ‍Pressing Governments for Brexit Clarity
Friday, 23 Feb 2018 02:13am EST 

Feb 23 (Reuters) - Standard Life Aberdeen Plc On Brexit: ::‍THERE IS A LOT TO DO IN A SHORT SPACE OF TIME​.SAYS- ‍PRESSING GOVERNMENTS IN UK AND EUROPE TO CLARIFY HOW ANY BREXIT TRANSITIONAL OR IMPLEMENTATION PERIOD WILL WORK​.‍AS AT APRIL 2017, MEN WERE PAID ON AVERAGE 34% MORE THAN WOMEN AT ABERDEEN, AND 42% MORE THAN WOMEN IN STANDARD LIFE GROUP.​.  Full Article

Standard Life Aberdeen sells insurance unit to Phoenix for 3.2 bln stg
Friday, 23 Feb 2018 02:11am EST 

Feb 23 (Reuters) - Standard Life Aberdeen Plc ::FINAL RESULTS & TRANSACTION ANNOUNCEMENT.‍SALE OF INSURANCE BUSINESS AND ENHANCED LONG-TERM STRATEGIC PARTNERSHIP WITH PHOENIX GROUP​.‍SALE OF CAPITAL-INTENSIVE INSURANCE BUSINESS TO PHOENIX GROUP WHILE RETAINING CORE OF FAST GROWING RETAIL CHANNEL​.‍TOTAL CONSIDERATION OF £3.24BN 1 , INCLUDING £2.28BN 1 IN CASH AND A 19.99% SHAREHOLDING IN PHOENIX GROUP​.‍ENHANCED AND EXPANDED STRATEGIC PARTNERSHIP WITH PHOENIX GROUP PROVIDING A LONG-TERM SOURCE OF ASSETS, ACCESS TO RETAIL CUSTOMERS AS WELL AS OPPORTUNITY FOR WIDER COLLABORATION​.‍ENHANCED LONG-TERM STRATEGIC PARTNERSHIP AND VALUABLE INVESTMENT IN PHOENIX GROUP PROVIDING: O INVESTMENT MANAGEMENT OVER £158BN OF ASSETS UNDER MANAGEMENT (AUM)​.‍A COMMITMENT TO REVIEW FURTHER INVESTMENT MANAGEMENT MANDATES NOT CURRENTLY MANAGED BY ABERDEEN STANDARD INVESTMENTS, SUBJECT TO NORMAL COMMERCIAL AND GOVERNANCE CONSTRAINTS​.‍OPPORTUNITY FOR WIDER COLLABORATION AS ASSET MANAGER OF CHOICE FOR PHOENIX GROUP​.‍REINFORCED THROUGH 19.99% SHAREHOLDING AND REPRESENTATION ON PHOENIX GROUP BOARD​.SAYS ‍TOTAL AUMA INCREASED BY 1% TO £654.9BN (2016: £647.6BN)​.SAYS ‍BENEFITING FROM DIVERSIFICATION WITH GROWTH CHANNEL NET OUTFLOWS IMPROVING TO 3.7% (2016: 6.0%) OF OPENING AUMA​.SAYS ‍ABERDEEN STANDARD INVESTMENTS NET OUTFLOWS DOWN £4.0BN TO £22.1BN​.SAYS ‍PENSIONS AND SAVINGS NET INFLOWS UP 37% TO £8.1BN (2016: £5.9BN)​.  Full Article

Phoenix To Buy Standard Life Aberdeen's UK, Europe Life Insurance Business
Friday, 23 Feb 2018 02:01am EST 

Feb 23 (Reuters) - PHOENIX GROUP HOLDINGS ::ACQUISITION OF STANDARD LIFE ASSURANCE.PROPOSED ACQUISITION OF STANDARD LIFE ASSURANCE AND REINFORCED STRATEGIC PARTNERSHIP WITH STANDARD LIFE ABERDEEN PLC.ACQUISITION ENCOMPASSES ALL OF SLA'S UK AND EUROPEAN LIFE INSURANCE BUSINESS. SLA WILL RETAIN ITS UK RETAIL PLATFORMS AND ADVICE BUSINESS.‍SLA TO BUY SHAREHOLDING OF ABOUT 19.99 PCT IN ENLARGED GROUP WITH TWO DIRECTORS APPOINTED BY SLA JOINING BOARD OF PHOENIX​.ACQUISITION CREATES AN ENLARGED GROUP WITH £240 BILLION OF LEGACY ASSETS AND 10.4 MILLION POLICYHOLDERS.MATERIALLY ENHANCES GROUP'S CASHFLOWS OVER TIM.‍DEAL WITH STANDARD LIFE FOR TOTAL CONSIDERATION OF £2,930M​.ACQUISITION IS EXPECTED TO GENERATE A TOTAL OF £5.5 BILLION OF ADDITIONAL AGGREGATE CASHFLOWS.‍INTEGRATION OF STANDARD LIFE ASSURANCE IS EXPECTED TO CREATE NET SYNERGIES OF £720 MILLION​.ADDITIONAL CASH GENERATION SUPPORTS A PROPOSED INCREASE IN ANNUALISED COST OF DIVIDEND TO £338 MILLION FROM DATE OF 2018 FINAL DIVIDEND.INCREASES PHOENIX'S POTENTIAL MARKET FROM C.£380 BILLION OF CLOSED LIFE FUND ASSETS IN UK TO APPROXIMATELY £540 BILLION OF ASSETS ACROSS UK.POST COMPLETION, OVER 57% OF ENLARGED PHOENIX'S HEADCOUNT WILL BE BASED IN EDINBURGH.PHOENIX HAS INDICATED TO SLA ITS LONG-TERM INTENTION TO MAINTAIN OPERATIONAL HEADQUARTERS IN EDINBURGH.PHOENIX-DEAL TO BE FINANCED THROUGH CASH CONSIDERATION OF £1,971 MILLION, ISSUANCE TO SLA OF PHOENIX SHARES OF ABOUT 19.99% OF ENLARGED SHARE OF PHOENIX AFTER DEAL.  Full Article

Standard Life Aberdeen to take impairment charge of 40 mln stg
Thursday, 15 Feb 2018 02:04am EST 

Feb 15 (Reuters) - Standard Life Aberdeen Plc ::STANDARD LIFE ABERDN - DISCUSSIONS WITH LLOYDS BANKING GROUP.DISCUSSIONS WITH LLOYDS BANKING GROUP.‍SLA WILL TAKE AN IMPAIRMENT CHARGE OF APPROXIMATELY £40 MILLION ON INTANGIBLE ASSET RELATING TO LBG CUSTOMER RELATIONSHIP RECOGNISED AT TIME OF MERGER IN ITS FY 2017 RESULTS​.STANDARD LIFE - LBG AND SCOTTISH WIDOWS HAVE INFORMED SLA THAT SCOTTISH WIDOWS AND LBG'S WEALTH BUSINESS INTEND TO REVIEW THEIR LONG TERM ASSET MANAGEMENT ARRANGEMENTS.REVENUE ASSOCIATED WITH AUM REPRESENTS LESS THAN 5 PER CENT OF SLA'S FY 2017 PRO FORMA REVENUE.‍KEITH SKEOCH AND MARTIN GILBERT, STANDARD LIFE ABERDEEN'S CHIEF EXECUTIVES SAID: "WE ARE DISAPPOINTED BY THIS DECISION IN CONTEXT OF STRONG PERFORMANCE AND GOOD SERVICE WE HAVE DELIVERED FOR LBG, SCOTTISH WIDOWS AND THEIR CUSTOMERS.​.STANDARD LIFE - LBG AND SCOTTISH WIDOWS HAVE SENT NOTICES TO SLA FROM RELEVANT MEMBERS OF LBG SEEKING TO TERMINATE INVESTMENT MANAGEMENT ARRANGEMENTS.SLA WILL TAKE AN IMPAIRMENT CHARGE OF APPROXIMATELY £40 MILLION ON INTANGIBLE ASSET RELATING TO LBG CUSTOMER RELATIONSHIP.  Full Article

Standard Life Aberdeen Affiliated Investment Management Entities Cut Dignity Stake
Monday, 22 Jan 2018 12:10pm EST 

Jan 22 (Reuters) - REGULATORY FILING::STANDARD LIFE ABERDEEN PLC AFFILIATED INVESTMENT MANAGEMENT ENTITIES REDUCES STAKE IN DIGNITY PLC <<>> TO 4.73 PCT FROM 6.66 PCT EARLIER - REGULATORY FILING.  Full Article

Standard Life Aberdeen ‍fund arm 9-mth AUM drops
Friday, 15 Dec 2017 02:07am EST 

Dec 15 (Reuters) - Standard Life Aberdeen Plc ::AUMA AND FLOWS UPDATE.‍TOTAL AUMA WAS STABLE AT £646.2BN (31 DECEMBER 2016: £647.6BN)​.‍WITHIN TOTAL AUMA, ABERDEEN STANDARD INVESTMENTS ASSETS UNDER MANAGEMENT WERE £569.7BN (31 DECEMBER 2016: £580.6BN)​.‍STANDARD LIFE PENSIONS AND SAVINGS ASSETS UNDER ADMINISTRATION INCREASED TO £182.3BN (31 DECEMBER 2016: £171.6BN)​.‍INTEGRATION OF ABERDEEN STANDARD INVESTMENTS IS ON TRACK​.‍COMBINED BUSINESS HAS EXPERIENCED NET OUTFLOWS, THESE WERE IN LINE WITH OUR EXPECTATIONS​.‍ABERDEEN STANDARD INVESTMENTS GROWTH CHANNEL NET OUTFLOWS INCREASED BY £1.5BN​.‍AN INCREASE OF £4.5BN IN OUTFLOWS FROM OUR INSTITUTIONAL CHANNEL​.  Full Article

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After Albayrak's economy program, investor concern turns to Turkey's banks

ISTANBUL Investors had hoped Turkey would announce a sweeping plan to help its banks when Finance Minister Berat Albayrak rolled out a new economic program this week. What they got fell far short of that.