STANDARD Life appears in two of today's papers for rather different reasons. The Scotsman reports the provider has appointed one of the UK's highest profile actuaries in what it calls a significant step towards its forthcoming flotation.
The paper says Standard Life has brought in Michael Arnold - who played an integral role in the demutualisation of Scottish Widows and Scottish Provident, as well as the formation of Equitable Life’s compromise scheme - as it gears up for a 2006 stock market listing. The next year will see the Edinburgh-based firm vie to get its business in optimal shape. Job losses and a drive to ditch "bad" business in favour of more profitable mandates are likely, claims the Scotsman. Standard Life must attain approval from the Financial Services Authority, Scottish Court of Session and an independ...
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