Don't 'cut and run' after SLA-Phoenix deal, Mark Polson tells advisers

Life insurance business sold in £3bn deal

Victoria McKeever
clock • 2 min read

Commenting on potential fallout from the Standard Life Aberdeen-Phoenix Group deal, Mark Polson has warned advisers should not "cut and run" from the platform as client suitability came first.

"When it comes to platform choice, client suitability still rules the roost," said the lang cat principal. "Advisers shouldn't cut and run." Polson was discussingt the potential impact on the Standard Life Wrap platform, in the wake of Standard Life Aberdeen's announcement it had sold its life insurance business to Phoenix Group in a £3bn deal, last month. Under the terms of the proposed deal, Standard Life Aberdeen will retain its adviser platforms Wrap, Elevate and Parmenion as well as financial advice business 1825.  On completion, Standard Life Aberdeen will receive total consi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

ChatGPT is changing how clients find advisers

ChatGPT is changing how clients find advisers

Prospective clients using AI tools to find financial advisers

Sahar Nazir
clock 17 July 2025 • 6 min read
AI adoption among advisers rises as they call for faster progress

AI adoption among advisers rises as they call for faster progress

More than two-fifths are now using AI, Intelliflo has found

Isabel Baxter
clock 17 July 2025 • 1 min read
City minister backs financial services sector skills compact

City minister backs financial services sector skills compact

AI and technology skills gap poses ‘real threat’, minister says

Jen Frost
clock 17 July 2025 • 2 min read