Standard Life Aberdeen Share Discussion Threads

[gaygay3] 07/3/2021 15:06

Thanks for that information Gaygay3

[mcunliffe1] 07/3/2021 12:12

gaygay3

Full year results are published 9th March 2021.
Ex Div date is 15th April 2021
Final Div record date for 2020 is 16th April 2021
Final Div payment date is 25th May 2021

They paid 14.3p in May 2020, May 2019, May 2018 as SLA
Paid 13.35p in May 2017 as Standard Life plc
Paid 12.34p in May 2016 also as Standard Life plc.

Anybody's guess as to what they'll pay this year but with both the final fixed at 14.3p for three years running and interim at 7.3p also for past three years i'd wager it will again be 14.3p

That said, they reduced terminal bonuses on With Profit policies in Feb 2021 and in August 2020 yet increased them in Feb 2020.

[gaygay3] 07/3/2021 11:45

Does anyone no when the div date is and how much it is for 2021 thanks

[mcunliffe1] 03/3/2021 13:58

As indeed do you Pierre.

[pierre oreilly] 03/3/2021 10:29

Mvas, not MBAs. My spell checker has amazing insight.

[pierre oreilly] 03/3/2021 10:27

We'd all love a time machine to go back and correct our previous mistakes MC, but alas we don't have one yet. At least I see they are no longer pulling the wool over your eyes regarding the massive unsustainable terminal bonuses of years gone by, now replaced with MBAs. Still, by paying a few mega terminal bonuses for the first products maturimg, it was a brilliant marketing tool for a couple of decades. My projected 350k maturity value when I bought it morphed into 65k when it actually Matured, less than the mortgage. (No probs, I knew the bonuses were unsustainable, and was more or less forced to have an endowment to buy my great house). They brought out a mortgage guarantee, made a big thing of it, and it actually paid out 90 quid on top of what they think I should really have got.Soon realised if they can sting their customers so badly and still have most thinking they are the bees knees then they are a great investment.I hope you find a bit of positivity in this to ameliorate your depression and help you think more positively. Soz if you have your wealth tied up making shareholders rich, but at least you now know the situation.

[pierre oreilly] 02/3/2021 08:13

Mcun, I think you're constant depression comes from being in the wrong side of the fence re sl. Try buying the shares instead of buying their products.... Money flows from customers to owners. I know it's depressing and confusing when you are told one day you have a pot of 250k say, then when you ask for it they say they've adjusted it down to 190k, and actually you can't have it but you can buy an annuity and get it back at 8/3d per week, with nothing to leave your kids when you peg it

[mcunliffe1] 23/2/2021 13:27

The previous merger with Aberdeen didn’t work out too well.
Let’s hope this strategic partnership fares better.
Market seems less than impressed.

[spud] 23/2/2021 11:33

Standard Life Aberdeen simplifies Phoenix Group partnership



In February 2018, SLA announced the sale of its insurance business for £3.24bn, as part of a long-term strategic partnership with Phoenix.

The original transaction was highly complex and included a provision for Phoenix to license the Standard Life brand, while SLA would provide the aligned marketing services in perpetuity.

Today’s announcement significantly simplifies the arrangements for the Standard Life brand and related marketing.

The strategic asset management partnership - under which SLA currently manages £147.4bn of Phoenix assets - will be extended until at least 2031.

To support growth plans for SLA's Wrap and Elevate adviser platforms, it will purchase the Wrap self-invested personal pension (SIPP) and Wrap Onshore Bond businesses from Phoenix.

SLA will acquire the trustee investment plan (TIP) business from Phoenix Group to consolidate its investments offering for UK pension scheme clients.

It will also sell the Standard Life brand to Phoenix during the course of 2021.

As a consequence, certain colleagues who support this brand and related marketing will also transfer to Phoenix.

SLA will pay £32m to Phoenix in return for it bearing the cost of some transferring colleagues going forward. SLA has initiated a branding review, the outcome of which it will announce later this year.

The upfront payment by SLA for the purchase of the Wrap SIPP, onshore bond and TIP businesses will be £62.5m, which will be offset in part by expected payments from Phoenix to SLA relating to the profits of the business prior to completion of the legal transfer.

All outstanding differences between the two groups in relation to legacy matters have been settled as part of the agreements being announced today.

The resolution of these legacy matters will not materially impact on SLA’s 2020 financial performance and should result in a net cash inflow of £34m this month.

This represents an inflow of £54m relating to specific indemnities and a £20m outflow relating to settlement of other legacy matters.

SLA’s shareholding in Phoenix remains around 14% and it retains the right to appoint a director to the Phoenix board.

SLA chief executive Stephen Bird said: "What we are announcing today is an agreement that simplifies the relationships in a way that will allow us to work together constructively as partners for at least the next 10 years.

“The Standard Life brand has an important heritage - in the UK, it has strong recognition as a life insurance and workplace pensions brand - this is closely aligned with Phoenix’s strategy and customer base.

"This is much less the case with the business we are building at Standard Life Aberdeen which is focused on global asset management, our market-leading platforms offerings to UK financial advisers and their customers, and our UK savings and wealth businesses.”

Phoenix chief executive Andy Briggs added: “The simplification of the Standard Life brand, sales and marketing will be a key enabler of Phoenix’s growth strategy, which in turn should lead to greater asset flows to ASI.”

spud

[chinese investor] 23/2/2021 08:04

Great RNS !

[spcecks] 22/2/2021 16:13

Thanks spud.

[spud] 22/2/2021 11:48

Barclays upgraded Standard Life Aberdeen Plc. (SLA:LN) (OTC: SLFPY) from Underweight to Equalweight with a price target of GBP3.30 (from GBP2.40).

spud

[chessman2] 15/2/2021 17:19

No, be patient and wait for 400p. It won't be too long.

[chinese investor] 15/2/2021 16:00

19p To 350p !

...but my finger is hovering over the SELL Button !

[spud] 15/2/2021 12:57

No buybacks reported since 11.2.21.

spud

[chinese investor] 15/2/2021 09:53

24p To 350p !

[ygor705] 15/2/2021 09:47

Definitely a strong move up this morning from a fairly critical level for the share price With Wall Street Bets ramping shares for social reasons, cannier investors now seem to be looking more seriously at value situations.

[mcunliffe1] 15/2/2021 09:19

The whole market is up. Even Rolls Royce :-)

Let's see where we end the day but if it's above 320 that will bode well. And, C.I., you can fire up the calculator to determine pennies to 350 and onwards.

[chinese investor] 15/2/2021 08:05

Good Start !

[mcunliffe1] 14/2/2021 12:45

Tinkering.

It seems to me that management have no clear objectives or aspirations for this company. Buying their own shares is an easier choice, and perhaps less risky, than using the money to invest directly in the business or purchase another business that compliments SLA.

Similarly, changing the name is merely tickling the surface of deep routed problems.

Where does the business, whatever it may be named in the future, aim to be in, say, 10 years?

I think of Standard Life and I think Life Assurance, Pension Investment. I no longer think of them as a Bank as they once were (that failed).

I have little concept of Aberdeen beyond the hopeless merge with Standard Life. If pressed I'd say Aberdeen was a general investment company.

Now, if SLA (ignore the rename) aims to be a big player in the investment field as Bird tells us why on earth did the merger with Aberdeen not thrust them into a strong position in that arena. Why is Bird telling us now that 'they have the right people and the right technology'? Didn't they inherit that when SL and Aberdeen merged?

If they didn't have it immed. post merger but have it now why am I not seeing any material improvements in the website I use now to access my pension savings compared with August 2017 when they merged?

Tinkering is all I see. On that website they've changed the shape of buttons, the background colour designs, brought in some graphs. Not provided a print function. Not displaying the true values of payments into pension policies. Not fixed the draw-down limitations.

Nero, fiddling whilst Rome burns springs to mind.

[chinese investor] 14/2/2021 11:55

I think :-

"Phoenix" -> "Standard Life"
"SLA" -> "Aberdeen Edinburgh"

[lippy4] 14/2/2021 11:51

tell me have the directors have an interest in the company that handles the renaming as soon i wont be able to keep up with this company and others who do the same.

what is the point of this as it wont make it worth any more and its our money that they are wasting...

[gaygay3] 14/2/2021 10:48

will changing the name have any affect on shareholders

[mcunliffe1] 13/2/2021 14:34

Pierre, I've missed your informative, considered and entertaining replies of late.
I appreciate your thanks.