The firm was relegated to the FTSE 250 but is now on the brink of being promoted
Push for an updated ‘look and feel’ for the former Abrdn brand
This comes despite a £454m pre-tax loss for the six months to 20 June
The sale comes one year on from Phoenix acquiring rival life insurer ReAssure Group
The company ticker has also been updated to ABDN as of the morning of 5 July
A quarter of savers are more likely to increase their pension contributions if they had a better understanding of the pensions tax relief system, according to research by Royal London.
Standard Life Aberdeen is set to rebrand as Abrdn as part of efforts in "reshaping" the business and its growth strategy.
Asset managers representing $22.8trn (£16.5trn) of assets under management (AUM) have joined the Net Zero Asset Managers initiative, bringing the total number of signatories to 73.
Standard Life Aberdeen (SLA) is expected to change its name as part of deal with Phoenix Group, which is set to buy the 200-year old Standard Life brand, according to reports.
Standard Life Aberdeen and Fidelity have signed an open letter demanding action on inclusion in response to the Black Lives Matter movement.