"I look forward to continuing to work with Stephen and his team to execute against our respective growth ambitions and deliver Phoenix’s purpose of helping people secure a life of possibilities.”
SLA's Bird added: “The most successful partnerships in business tend to be formed on clear and simple terms.
“What we are announcing today is an agreement that simplifies the relationships between Standard Life Aberdeen and our strategic partner Phoenix Group in a way that will allow us to work together constructively as partners for at least the next ten years. Both businesses will be able to play to their respective strengths in the partnership.”
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