The Standard completed the acquisition of the retirement plan recordkeeping business of Securian Financial.

The Standard, an American insurance and financial company, completed the acquisition of the retirement plan recordkeeping business of Securian Financial, a mutual holding company that provides a range of financial products and services. Financial terms were not disclosed. "We have been studying retirement plan growth opportunities in the US market for some time, and Securian Financial stood out as a like-minded partner focused on customer-first service and deep relationships with plan sponsors and key distribution partners alike. We look forward to a bright future and to welcoming Securian Financial’s Retirement Solutions employees, sales team and management to The Standard," Dan McMillan, The Standard President and CEO.