Standard Life traded at 916.50 this Friday July 24th, increasing 10.50 or 1.16 percent since the previous trading session. Looking back, over the last four weeks, Standard Life gained 10.16 percent. Over the last 12 months, its price rose by 41.11 percent. Looking ahead, we forecast Standard Life to be priced at 886.51 by the end of this quarter and at 837.45 in one year, according to Trading Economics global macro models projections and analysts expectations.
Standard Life plc, formerly known as Phoenix Group Holdings plc, is a United Kingdom-based company that specializes in the acquisition and management of closed life insurance and pension funds. The Company operates through three business segments: UK Heritage, UK Open and Europe. The UK Heritage segment provides a range of life and pensions products. Assets under administration in its open business are held in three product lines: Workplace, Retail pensions and Wrap. It also includes capital-light products. UK Open business relates to its pension and long-term savings products sold under the Standard Life brand. The European segment distributes unit linked life assurance products which have no material guarantees. Its SunLife brand provides customers with a range of specialist products, including life cover, equity release and funeral plans. Its subsidiaries include Phoenix Life Limited, Phoenix Life Assurance Limited, ReAssure Group plc and Abbey Life Assurance Company Limited.