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Standard Life buys 10 per cent shareholding of Simply Biz

Standard Life has purchased a 10 per cent shareholding in Simply Biz as part of the continued development of its distribution strategy.

Standard Life Assurance chief executive Trevor Matthews says:

“This is another important step in the ongoing development of our business and we are delighted to be associated with a company of Simply Biz’s standing in the industry. Given the quality of their proposition, management team and track record of delivery we believe this represents an excellent investment. We believe the future for Simply Biz is a bright one.”

Simply Biz executive chairman Ken Davy says:

“I am particularly pleased to welcome Standard Life as a shareholder in Simply Biz and believe this investment will enable us to strengthen our position as one of the UK’s leading providers of support services to financial advisers. Financial advisers increasingly recognise the value added by our independent and highly professional approach. This investment demonstrates the quality of our business.”

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