SL: Elevate to be profitable 'in a few years'
Cost of acquisition: £31m
Standard Life's newly acquired and hitherto loss-making Elevate platform will be profitable "in a few years' time", pensions and savings chief executive Paul Matthews has said.
He said the company had "a whole development program" for both its Elevate and Wrap platforms over the next five years. It had set aside £100m for the Elevate project alone - including the £31m it paid...
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