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 [...]
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 [...]
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 [...]
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 [...]
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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Standard Life has reported substantial growth in its long-term savings business, with new business sales up 25% (to £5.8 billion) in the first quarter of 2011, compared with a year earlier. Furthermore, UK corporate pension net inflows rose 85% during the period, to £559 million, and UK Individual SIPP net inflows were maintained at £553 [...]
New research commissioned by Standard Life has revealed that many people paying into pension schemes are planning on topping up their retirement funds through additional means. Just under half (43%) plan on using investments to increase their financial comfort in retirement, and almost one in four (24%) believe that an inheritance will come to them [...]
Standard Life has reported its preliminary results for 2010, including an IFRS operating pre-tax profit, from continuing operations, up 7% to £425m. The firm also saw its net profits, attributable to equity holders, more than double to £432m. Core EEV operating profit before tax from continuing operations rose by almost a quarter (24%) to £629m, [...]
Standard Life has launched a new employee benefits portal which it says offers a single integrated solution to address the business issues employers face around employee engagement, recruitment and retention. Lifelens provides pension and non-pension benefit solutions via the workplace, offering a range of savings options, flexible benefits, online payslips, total reward statements, planning and [...]
Standard Life has partnered with GoldMoney to allow its SIPP clients to invest in gold. Under the agreement, new and existing clients of the Standard Life SIPP will be given online access to Goldmoney’s website 24 hours a day, seven days a week. They will be able to buy or sell a total of 2,000 [...]
Standard Life is repositioning its brand and has refreshed its logo. According to the life and pension’s provider, the group will be launching several new propositions during 2011, alongside an enhanced “adviserzone” and employee wealth benefits platform, which should be available to intermediaries by the end of March. The repositioning will be accompanied by a [...]
Standard Life has abandoned attempts to develop a joint venture with Bank of China (BoC). The two had been in talks aimed at BoC acquiring a majority stake in the life and pensions provider’s Heng An Standard Life business. The move would have given the company more growth potential in China, by allowing it to [...]
Standard Life is acquiring Focus Solutions Group for around £42 million in cash. Focus Solutions provides software and consultancy solutions to the financial services industry and the transaction is consistent with the insurer’s intention to step up investment in its leading corporate and retail propositions. The combination of Focus’ technology with Standard Life’s Wrap platform [...]
Standard Life has reported continued strong growth in the nine months to the end of September 2010, with group assets under administration 13% higher, compared with 31st December 2009, at £192.4 billion. Net inflows increased by 60%, to £7.2 billion, and long-term savings net inflows more than doubled, to £3.5 billion. In the UK, the [...]
