Standard Life Aberdeen Result/Phoenix Group

[idpickering]

Key highlights



· Accelerates strategy of building a world-class investment company completing the transformation to a fee based capital light business



· Significantly simplifies the Group, supporting extraction of further efficiencies across the Standard Life Aberdeen business



· Enhanced long-term strategic partnership and valuable investment in Phoenix Group providing:



o Investment management over £158bn of assets under management (AUM)



o A commitment to review further investment management mandates not currently managed by Aberdeen Standard Investments, subject to normal commercial and governance constraints



o Opportunity for wider collaboration as the asset manager of choice for Phoenix Group



o Reinforced through 19.99% shareholding and representation on Phoenix Group board

Also; (get a cup of tea first)

Growing assets by delivering for our clients and customers

· Total AUMA increased by 1% to £654.9bn (2016: £647.6bn) including stable Aberdeen Standard Investments assets under management of £575.7bn (2016: £580.6bn) and Standard Life Pensions and Savings assets under administration up 10% to £188.1bn (2016: £171.6bn)

· Benefiting from diversification with growth channel net outflows improving to 3.7% (2016: 6.0%) of opening AUMA - Aberdeen Standard Investments net outflows down £4.0bn to £22.1bn (2016: £26.1bn) and Pensions and Savings net inflows up 37% to £8.1bn (2016: £5.9bn)

· Mature books of business net outflows of £16.6bn (2016: £15.9bn) in line with expectations and flat at 7% of opening AUMA

And later - · Full year dividend up 7.5% to 21.30p extending our unbroken record of dividend growth to 11 years

https://www.investegate.co.uk/standard- ... 00047528F/

This is part one of eight!

[monabri]

As Ian mentions, there's a lot to read! But here's the "hyimportant" bit

"The Board has proposed a final dividend of 14.30p per share making a total of 21.30p (2016: 19.82p), an increase of 7.5%. "

(13.35p - last year's Final Divi)

....next trick is to find the dates!

[monabri]

https://www.dividenddata.co.uk/dividend ... y?epic=SLA

This will be the 5th year of over 7% Divi increase following 3 years of more than 6% dividend increase per year.

"We continue to apply our existing progressive pence per share dividend policy taking account of market conditions and the Group's financial performance."

[idpickering]

Thanks monabri. In fact there is an error in the title of this thread. They're not 'selling' Phoenix at all! My error. Maybe a Mod can tidy the title of this thread up please?

Ian.

[monabri]

I'm sure a kind moderator will sort the title!

Buried in part 2

The Board is recommending a final dividend for 2017 of 14.30p per share which is an increase of 7.1% on last year's final dividend. Subject to shareholder approval, this will be paid on 30 May 2018 to shareholders on the register at close of business on 20 April 2018.

[idpickering]

I'm sure a kind moderator will sort the title!

Buried in part 2

The Board is recommending a final dividend for 2017 of 14.30p per share which is an increase of 7.1% on last year's final dividend. Subject to shareholder approval, this will be paid on 30 May 2018 to shareholders on the register at close of business on 20 April 2018.

Thanks again. Why do they make these announcements like wading through treacle?

Ian.

[monabri]

Might I recommend leaving the words Phoenix Group in the title? (Omit "sale")

"Sale of insurance business and enhanced long-term strategic partnership with Phoenix Group completes transformation to a fee based capital light investment company"

As PHNX features in several HYPs then it might be of interest to Phoenix Group holders too.

[Raptor]

Might I recommend leaving the words Phoenix Group in the title? (Omit "sale")

"Sale of insurance business and enhanced long-term strategic partnership with Phoenix Group completes transformation to a fee based capital light investment company"

As PHNX features in several HYPs then it might be of interest to Phoenix Group holders too.

Moderator Message:
Done.

In case people did not know you can change the subject title when you add post, this allows you the ability to inform readers that the post may not be in direct response ot the post, ie off topic.

[idpickering]

It is done. Thank you Mod.

Ian.

[Dod101]

As a holder in Phoenix what I read in my newspaper before finding this thread is that SLA is selling its insurance business to Phoenix (which is of course an independent company) and part of the deal seems to be giving SLA a stake in Phoenix and Board representation (don't like that very much)

SLA seems to have aspirations to become a fund manager for Phoenix. The SL bit of SLA were good fund managers so that might work.

Incidentally there is a tendency to refer the part of any announcement like this dealing with dividends as the 'important' bit but I always view that as a consequence of the 'important bit' which is the report on how the underlying business is doing, because without that there would be no 'dividend bit'.

Plenty of examples but see Carillion and Centrica as starters.

Dod