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

Adviser AI usage more than doubles in last year

Adviser AI usage more than doubles in last year

Rises from 29% to 60%, SOTAN findings reveal

Isabel Baxter
clock 25 February 2026 • 3 min read
Wealth managers back AI adoption despite growing client unease

Wealth managers back AI adoption despite growing client unease

Avaloq survey

Michael Nelson
clock 25 February 2026 • 1 min read
The unnamed advantage: Why our AI doesn't have a name

The unnamed advantage: Why our AI doesn't have a name

While transformative AI is just a tool – to be used by people, for people

Joshua Knight
clock 24 February 2026 • 4 min read