Standard Life to Sell Insurance Unit to Phoenix Group

The transcript discusses Standard Life Aberdeen's recent business activities, including a deal with Phoenix, changes in director-level positions, and business performance trends. The CEO explains the rationale behind the Phoenix deal, emphasizing a shift towards a capital-light model. The discussion covers business outflows, integration strategies, and the impact of market volatility on active management. The CEO also addresses M&A strategies and the synergies expected from the merger with Phoenix, highlighting the benefits for shareholders and customers.

What was the rationale behind the sale to Phoenix?

How did the outflows for Standard Life compare between 2016 and 2017?

What is the significance of the integration of the two distribution teams?

What changes in strategy does Martin mention regarding M&A deals?

How does Martin view the future relationship with Lloyds?

What are the expected benefits of the merger with Phoenix?

What impact does volatility have on active management according to Martin?