Travels

Aug 5 2017

Standard Life s Skeoch open to annuity sale, not full insurance exit #united #kingdom,united #kingdom,gordon #aitken,keith #skeoch,gordon #aitken,keith #skeoch,uk,standard,life,ceo,investment #banking #and #investment #services #(trbc),life #and #health #insurance #(trbc),banks #(trbc),mergers #/ #acquisitions #/ #takeovers,funds,company #news,insurance #(trbc),western #europe,picture #available,arts #/ #culture #/ #entertainment,financials #(legacy),retirement #/ #old #age,corporate #events,divestitures #/ #spin,offs,interviews,government #borrowing #requirement,europe,scotland,united #kingdom,pictures,banking #services #(legacy),investment #management #and #fund #operators #(trbc)

# Standard Life s Skeoch open to annuity sale, not full insurance exit By Simon Jessop and Carolyn Cohn | LONDON LONDON Standard Life ( SL.L ) would sell its 16.1 billion pound ($20 billion) annuity portfolio but has no plans to exit the insurance business altogether after it merges with Aberdeen Asset Management ( ADN.L ), Chief Executive Keith Skeoch said. The Scottish company will seek investor approval next week for an 11 billion pound merger with Aberdeen and plans to shed its index classification as an insurer to become an asset manager. With the boss of Standard Life’s …