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Standard Life Aberdeen proposes £1.75bn share buyback

Reduced capital requirements from insurance business sale to net windfall for investors

Standard Life Aberdeen proposes £1.75bn share buyback

The UK investment giant Standard Life Aberdeen is proposing to return around £1.75bn in surplus capital arising from the disposal of its insurance business to shareholders.

The FTSE 100 fund manager said on Tuesday that as a result of the planned sale of its UK and European insurance arm to Phoenix Group, it expects to be subject to lower capital requirements and could therefore return money to investors.

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