Standard Life looks to past for planning arm

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Standard Life is hoping to build on almost two centuries of heritage by naming its new financial planning unit after the year it was formed.

The launch of 1825 follows a deal in February to buy Pearson Jones, the wealth management arm of Skipton Building Society, aimed at creating a UK-wide financial advice business for the Edinburgh-based life and pensions giant.

Standard Life: Heritage nod. Picture: Neil Hanna

Standard Life: Heritage nod. Picture: Neil Hanna

1825 chief executive Steve Murray, previously responsible for the group’s mergers and acquisitions activity, said: “It’s never been more complex for people to save, retire and plan for the future, so quality financial advice has become a must-have for many. By cutting through the complexity, we’re aiming to help our clients better understand their financial situation.”