Andy Curran, CEO at Standard Life, will retire in the summer after a five-year tenure, according to a news release.
Standard Life is part of Phoenix Group, the U.K.’s a long-term savings and retirement business with £290 billion ($354 billion) in assets under administration.
In 2020, Curran set out a growth strategy for Standard Life that focused initially on the pension risk transfer market. Standard Life is also one of the active players in the U.K.’s PRT (also known as bulk purchase annuity) market, which saw £50 billion in activity in 2024.
Following Curran’s retirement, the company will combine the retirement solutions and asset management divisions to create a new business unit. Michael Eakins, CIO at Phoenix Group, will lead the new business unit. Tom Ground, CEO of retirement solutions at Phoenix Group, will report to Eakins.
“I have seen many changes firsthand since I joined this sector 35 years ago and the industry’s role in society continues to be more important than ever,” Curran said in the news release.
Prior to joining Standard Life, Curran was managing director for pensions and investments at insurance firm Aviva U.K. from 2011 to 2019.
