Standard Life Aberdeen may be ready to sell off its 175-year-old Standard Life brand to acquisitive life insurance group Phoenix Group.

Standard Life Aberdeen reported adjusted pre-tax profit for 2019 of £584m, down 10% due mainly to lower revenues.

Standard Life Aberdeen’s is set to introduce a new parent leave policy from 1 January, which will give all parents 52 weeks leave with 40 weeks paid in full, regardless of gender.

Standard Life Aberdeen has seemingly emerged victorious in a dispute with Lloyds Banking Group over an investment mandate.