Phoenix Group Pulls £20B from Aberdeen: A Reshaping?

Phoenix Group just yanked a massive £20 billion investment contract from Aberdeen! After seven years, the retirement giant is bringing half of its annuity assets in-house, aiming for better returns and lower fees. Is this a major blow for Aberdeen, already struggling with rebranding woes and outflows, or a strategic reshaping of their partnership? Find out how this shift impacts both companies and what it means for retirees. Hosted on Acast. See acast.com/privacy for more information.