On 23 February 2018 Phoenix Group announced its proposed acquisition of Standard Life Assurance and a strategic partnership with Standard Life Aberdeen. This will make Phoenix the pre-eminent closed life fund consolidator in Europe.
Phoenix has now issued its prospectus to raise the new capital required to fund the transaction and CEO Clive Bannister speaks here on how the transaction is progressing and what it will mean for policyholders, investors and staff.
"This transaction makes us bigger, but also better - we are enormously excited about it and believe it is a good deal for policyholders, investors and all our colleagues."
Clive Bannister, Chief Executive Officer
Posted on 30th May 2018.