← Back

Standard Life PLC

Standard Life plc operates in the long-term savings and retirement business in Europe. It operates through Retirement Solutions, Pensions & Savings, With-Profits, and Europe & Other segments. The company offers defined contribution workplace pensions, retail savings for retirement, international bonds, and legacy savings and pension products; defined benefit pension income, income drawdown and lifetime annuities, fixed-term annuities, and smoothed managed funds. It also offers new and in-force individual annuity and pension risk transfer contracts written within shareholder funds; U.K. individual annuity; workplace pensions and self-invested personal pensions; new and in-force insurance and investment unit-linked products; and protection products. The company offers its products under the Standard Life, SunLife, Phoenix Life, Phoenix Wealth, Phoenix Corporate Investment Services, and ReAssure brands. Standard Life plc was formerly known as Phoenix Group Holdings plc and changed its name to Standard Life plc in February 2026. The company was founded in 1782 and is based in London, the United Kingdom.

Price · split & dividend adjusted
News & notes moving SDLF.LSE
SDLF.LSE▲

CVC deepens insurance bet with Standard Life partnership

CVC Capital Partners is co-leading a consortium of institutional investors committing capital to Standard Life's UK pension risk transfer business. CVC will commit £400 million, or $545.8 million, to the partnership, to be drawn over multiple years, as part of a consortium led by CVC and Prudential Financial, alongside Goldman Sachs and MS&AD. Together with £500 million from Standard Life, the consortium will fund up to £2 billion in total. Under the deal, CVC will provide Standard Life's PRT business with access to private market investment opportunities, including asset-backed lending, structured credit, real estate credit, infra credit, direct lending, opportunistic and liquid credit, as the firm eyes the £1.2 trillion of defined benefit pension liabilities yet to transfer to insurers. Standard Life will retain majority control of the venture, holding 51% of voting rights, with CVC and the consortium providing capital and asset origination. The partnership is expected to close in the first half of 2027, subject to regulatory approval.
CVC.AS ▲SDLF.LSE ▲PRU ▲8725.JP ▲GS ▲
PitchBook News·6dRead more ▾
SDLF.LSE

KKR eyes UK and European pension risk transfer tie-ups

KKR is in talks with insurers across Europe to expand Global Atlantic's presence in the region's pension risk transfer market, the Financial Times reported. The US investment firm, which manages more than $700bn in assets, is considering partnership structures where it and an insurer would direct capital into investments sourced by KKR, rather than pursuing an outright purchase of a European insurer. Discussions in recent months have included some of the UK's largest insurers, with one executive saying KKR has big ambitions for the market. KKR passed on a chance to invest in a pension risk transfer venture being set up by Standard Life, partly because the business was viewed as too small, but could still enter through a similar joint venture structure. Global Atlantic does not have a major presence in Europe, unlike Apollo Global Management's insurer Athora, which completed a major UK pension risk transfer transaction last year.
KKR ▲SDLF.LSE
Life Insurance International·56dRead more ▾
© 2026 MarketDXAsset