Life Insurance
Standard Life plc, formerly Phoenix Group, is a major UK retirement savings, pensions and long-term savings business. It combines heritage life funds with workplace pensions, retirement income and capital-light fee-based savings platforms.
Workplace pensions, retirement savings, annuities and retirement income, life insurance, wealth and savings administration and management of closed life funds.
Primarily the United Kingdom retirement, workplace pension and long-term savings markets.
Operating cash generation, growth in fee-based pensions and savings, customer assets, annuity margins, cost efficiency, debt reduction and successful integration of acquisitions.
Interest-rate and market movements, regulatory change, longevity assumptions, integration risk, capital requirements, pension-policy changes and high financial leverage.
15 April 2026: Standard Life agreed to acquire Aegon UK for £2.0bn, a deal expected to complete around the end of 2026 or early 2027 and take the enlarged group to about 16m customers and £480bn of assets under administration. Half-year results are due 7 September, with integration funding, cash generation and deleveraging key investor issues.
Standard Life is a high-yielding semi-annual dividend payer and has targeted sustainable growth in the ordinary dividend. The 2025 final dividend was 28.05p per share, ex-dividend 9 April 2026 and paid 20 May; total dividends for 2025 were 48.2p. The 2026 interim is due to be considered with September half-year results.
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