Daily Insurance Industry News
 
 
Daily Insurance Industry News
Saturday 23rd of September 2017
November 27, 2012

Standard Life establishes Middle East presence

by Richard Kilner

Story link: Standard Life establishes Middle East presence

Standard Life has announced the opening of its first office in Dubai, UAE, which will be the firm’s first presence on the ground in the Middle East. The firm was given a licence by the Dubai Financial Services Authority (DFSA) to establish a branch inside the Dubai International Financial Centre (DIFC). The move follows that […]



October 19, 2012

Brits seek emotional comfort when taking financial advice

by Gill Montia

Story link: Brits seek emotional comfort when taking financial advice

Research from Standard Life suggests that while most UK adults seek professional financial advice for a practical reason, many are looking for the emotional reassurance that the process provides. Almost 60% of respondents said that a specific financial need (34%) or life event (25%) such as divorce, redundancy or moving home, were the top reasons […]



October 10, 2012

Standard Life to open Singapore office

by Gill Montia

Story link: Standard Life to open Singapore office

Standard Life is intending to expand its retail investment business in the Asian market with the opening of a branch in Singapore. The move forms part of the group’s strategy to accelerate access to high growth, high value markets in Asia and emerging markets. It follows the granting of full insurance licence approval by the […]



October 5, 2012

Standard Life secures RBS distribution deal

by Gill Montia

Story link: Standard Life secures RBS distribution deal

Standard Life has entered into a five-year platform distribution agreement with Royal Bank of Scotland (RBS). Under the deal, the insurer will deliver a range of RDR compliant investment solutions, which will be available to RBS, NatWest and Ulster Bank customers via the Standard Life wrap platform. From December, the platform will deliver investment solutions […]



August 14, 2012

Standard Life’s H1 profits on the rise

by Richard Kilner

Story link: Standard Life’s H1 profits on the rise

Standard Life has reported its financial results for the first six months of 2012, during which the firm made pre-tax operating profits of £302m. This is a 15% rise compared to the corresponding period last year when the firm made £262m. IFRS profits after tax (attributable to equity holders) for the first six months of […]



May 24, 2012

DC pension savers shy away from investment decisions

by Gill Montia

Story link: DC pension savers shy away from investment decisions

According to research from Standard Life, nine out of 10 Defined Contribution (DC) pension investors can’t name or don’t know all the funds in which their pension contributions are invested. However, almost half of those questioned said they felt their investments reflected their attitude to risk. The research also indicates that three quarters of DC […]



May 23, 2012

Standard Life launches communications panel

by Gill Montia

Story link: Standard Life launches communications panel

Standard Life has launched a customer communications council which will act as a consulting body, addressing the ongoing need for insurers to present customers with information from both a legal and transparency point of view. Inaugural members include Karen Barrett, chief executive of unbiased.co.uk, and Nick Caan, chief executive of the Institute of Financial Planning. […]



April 6, 2012

Men saving most with online deals

by Richard Kilner

Story link: Men saving most with online deals

New research commissioned by Standard Life has found that when it comes to online savings men are outdoing women to the tune of £287. Men estimate that the savings they gain by checking price comparison websites to be nearly £1,000, significantly more than the slightly above £700 that women estimate themselves to be saving. Standard […]



March 13, 2012

Standard Life reports 2011 results

by Richard Kilner

Story link: Standard Life reports 2011 results

Standard Life has reported its preliminary results for 2011, including a pre-tax operating profit of £544m, a 28% rise from the £425m the firm made in 2010. However, profit after tax declined from £432m to £298m, a fall that has been largely attributed to the financial market level at the end of the year. Group […]



February 1, 2012

Standard Life cuts with-profits bonus rates

by Gill Montia

Story link: Standard Life cuts with-profits bonus rates

Standard Life is reducing some of its UK with-profits bonus rates. The life and pensions provider says most plans increased in value in the year to 1st February but guarantees are building up, and it needs to ensure its with-profits fund can meet all guarantees. The company explains: “We expect asset classes such as equities […]



December 19, 2011

Standard Life appoints Canada CEO

by Richard Kilner

Story link: Standard Life appoints Canada CEO

Standard Life has announced the appointment of Charles Guay as president and chief executive officer of Standard Life Canada. He joins the firm from National Bank of Canada where he was senior vice president (Strategies, Marketing and Investment Solutions, Wealth Management), and president and chief executive officer of National Bank Securities. In addition to this […]



December 14, 2011

IntelliFlo integrates with Standard Life Wrap

by Gill Montia

Story link: IntelliFlo integrates with Standard Life Wrap

IntelliFlo has announced plans for a comprehensive integration with Standard Life’s Wrap Platform. The web-based management solutions provider is embarking on £10 million investment programme that will, among other things, enable users to automatically value Standard Life wrap accounts. Once the wrap account has been set up on the platform, IntelliFlo’s Intelligent Office will be […]



October 17, 2011

Communication key to auto-enrolment success

by Gill Montia

Story link: Communication key to auto-enrolment success

Standard Life has come up with advice for government, employers and the insurance industry, aimed at making pension auto-enrolment a resounding success. In a new report, the firm claims that once a clear picture of the value of employer contributions and the tax advantages of auto-enrolment have been presented, 82% of workers warm up to […]



August 24, 2011

Standard Life offers overseas retirement advice

by Richard Kilner

Story link: Standard Life offers overseas retirement advice

A new survey from Standard Life has revealed that Spain is the top hotspot for retirement overseas, followed by Australia and the US, with nearby France and Ireland in 4th and 5th. Head of Pensions Policy John Lawson said that whilst retiring abroad is a dream for many it pays dividends to research potential locations. […]



August 10, 2011

Standard Life reports rising biannual profits

by Richard Kilner

Story link: Standard Life reports rising biannual profits

Standard Life has reported its interim financial results, covering the first six months of 2011, including an IFRS pre-tax operating profit of £262m. This is 44% better than the corresponding period last year when the firm made £182m, and suggests the firm may be on course to beat its 2010 annual result of £425m. Profits […]



July 18, 2011

Britons still saving in difficult economic times

by Richard Kilner

Story link: Britons still saving in difficult economic times

Despite the difficult economic times 41% of Britons are saving as much, or even more, over the last year as they did in the previous 12 months, according to new research from Standard Life. The younger generation (25 to 34 year olds) were likeliest to keep up with saving, with just over half (51%) putting […]



June 27, 2011

Standard Life appoints Technical Insight head

by Richard Kilner

Story link: Standard Life appoints Technical Insight head

Standard Life has announced the appointment of Julie Hutchison as the head of Technical Insight, a position that has been newly created in response to rising demand for the firm’s international propositions. In her new role Hutchison will be tasked with shaping the firm’s international offering, taking into account the wealth structuring needs of families […]



June 9, 2011

Standard Life names UK CEO

by Richard Kilner

Story link: Standard Life names UK CEO

Standard Life has announced that Paul Matthews has been named as the new chief executive officer of its UK business. Group Chief Executive David Nish has been performing the duties of UK CEO since January of this year, and Matthews’ appointment will enable Nish to turn his energies towards developing a strategy and future direction […]



May 17, 2011

Standard Life suspends former corporate MD

by Gill Montia

Story link: Standard Life suspends former corporate MD

Standard Life is reported to have suspended its former managing director of corporate solutions, Gerry O’Neill. According to a City Wire report, the life and pensions provider has confirmed Mr O’Neill’s suspension pending an investigation but given no further detail. The business news portal added that Mr O’Neill had been succeeded as managing director of […]



May 16, 2011

ABI sees amber over Standard Life directors’ pay

by Gill Montia

Story link: ABI sees amber over Standard Life directors’ pay

The Association of British Insurers (ABI) has issued an “amber top” warning regarding directors’ pay at Standard Life, the Mail on Sunday reports. An amber top indicates that considered judgment is required by shareholders in voting. According to the newspaper, the life and pensions provider has made a number of changes to its remuneration schemes […]