Phoenix Group Holdings plc completes name change to Standard Life plc

Standard Life plc (the Group), which focuses solely on retirement saving and income, has completed its name change from Phoenix Group Holdings plc. 

To mark this milestone, Standard Life has set a new target to help three million more customers over the next 10 years, to take action towards a better retirement.

To meet this commitment, the Group will provide support and solutions designed to ensure that more people are on track to build sufficient pension savings and that more people are financially secure in later life.

It plans to evidence this by tracking improvement in two customer outcomes:  more people engaged in planning for their retirement, and more people supported to make better decisions when accessing their pension. 

Andy Briggs, Standard Life chief executive, said: “For more than 200 years, Standard Life has stood beside its customers, helping them plan and prepare for their long-term financial futures. Today, as Standard Life plc, we are proud to manage £300bn in assets on behalf of 12 million customers. 

“I am proud to announce our new target, which embodies our belief that everyone’s journey to and through retirement can be better. Over the next 10 years, we will help three million more customers take action to achieve better retirement outcomes.”   

Customer brands within the Group, including SunLife, Phoenix Life and ReAssure, will continue to operate as normal.

www.standardlife.co.uk