Aberdeen Standard Investments (ASI) private placement debt team has lent £65 million to the City of London Corporation. The investment was undertaken on behalf of life insurance companies within the Phoenix Group.
Phoenix Group
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Phoenix Group, Europe’s largest life and pensions consolidator, who also owns Standard Life Assurance, has today announced it has completed a £144 million bulk purchase annuity with the Trustee of the Aegon UK Staff Retirement and Death Benefit Scheme. The insurance policy covers around
Around 500 finance jobs could be lost in Edinburgh over the next three years after Phoenix Group announced a new investment in automation.