Read all about it: Portfolio Adviser’s most-read news stories of the year
An eventful year has seen a wide array of industry issues feature in the top articles
An eventful year has seen a wide array of industry issues feature in the top articles
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Cazenove Capital stake could seal the deal for £109bn mandate
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Phoenix Group’s acquisition of Standard Life Assurance completes for £3.3bn
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Specialist insurer confirms end date for deal with FTSE 100 investment group
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The firm’s co-chief executives say the partnership is ‘exceeding expectations’
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Asset managers Blackrock and Schroders are the rumoured frontrunners to oversee £109bn for Lloyd’s Banking Group (LBG), after the contract with Standard Life Aberdeen was terminated earlier this year.
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Legal & General Investment Management has poached David Hoantee Peng from Standard Life Aberdeen for a newly-created role in its Asia team.
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Standard Life Aberdeen’s (SLA) share price plummeted after the firm announced plans to return £1.7bn to shareholders following the sale of its insurance arm to Phoenix Group.
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Scottish Widows says Standard Life Aberdeen is a clear and material competitor and it, therefore, has the legal right to terminate its investment management agreement with the firm.
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Standard Life Aberdeen has challenged Lloyd Banking Group’s decision to pull out of a £109bn contract, arguing that there are no material competition concerns.
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St James’s Place and Standard Life Aberdeen have been backed as top buys by several stockbrokers, amid gloomy predictions for the asset management sector generally.
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Shares in British software firm Sage, owned by a slew of big shareholders including Terry Smith and Nick Train, have taken a major hit after the group missed its revenue growth target.
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