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December 7, 2022
Portland-based Standard Insurance (The Standard) and Securian Financial Group announced the closing of the acquisition of Securian Financial's retirement plan recordkeeping business by The Standard, in accordance with the terms of the agreement reported on Oct. 18, 2022. The acquisition combines the recordkeeping business of two providers with expertise in retirement plan administration, customer service and a shared focus on fiduciary protections. The business will operate under The Standard brand and include Securian Financial's retirement solutions employees, management, client relationships and distribution networks. The Standard, in business since 1906, is a provider of financial protection products, including group and individual disability insurance, group life, dental and vision insurance, voluntary benefits, absence management services, and retirement plans and annuities for employers and individuals.