Standard Life plc, the retirement specialist focused entirely on retirement saving and income, has completed its name change from Phoenix Group Holdings plc and was listed on the London Stock Exchange under the ticker of SDLF from 8am on Monday.
Phoenix acquired the Standard Life brand in 2021 from Aberdeen.
“The move to Standard Life plc supports the organic growth strategy of the Pensions and Savings and Retirement Solutions businesses that already trade under the Standard Life brand,” said Standard Life.
“Since Phoenix Group bought the brand, it has built leading positions in a number of markets including workplace pensions, individual annuities and pension risk transfer …
“For more than 200 years, Standard Life has been standing beside its customers, to help them plan and prepare for their financial futures …
“To mark this change, Standard Life has set a new target to help three million more customers over the next ten years take action towards a better retirement …”
Standard Life plc CEO Andy Briggs said: “For more than 200 years, Standard Life has stood beside its customers, helping them plan and prepare for their long-term financial futures. Today, as Standard Life plc, we are proud to manage £300 billion in assets on behalf of 12 million customers.
“Our purpose is helping people secure a life of possibilities, and I am proud to announce our new target, which embodies our belief that everyone’s journey to and through retirement can be better. Over the next ten years, we will help three million more customers take action to achieve better retirement outcomes.”