Standard Life Aberdeen to return £1.75bn to shareholders
More than a million shareholders in Standard Life Aberdeen are due for a windfall pay-out of £1bn.
A further £750m is to be spent on buying back shares, which has the effect of raising the share price, as a further benefit to shareholders.
The proposal was put forward by the Edinburgh-based financial giant, on the day of its annual general meeting.
A decision on it will be made on 25 June at a further meeting of shareholders.
The pay-out plan is to distribute most of the proceeds from selling the company's insurance division to Phoenix Group.
That was announced in February, and it is to be... read more
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