Editorial: Can Standard Life really claim victory?

clock

Yesterday's AGM of Standard Life was hailed by chairman Brian Stewart as a victory after the company's resolutions were all voted through by the membership, and candidates proposed by the board all elected or re-elected as directors.

However, the picture may not be as rosy as all that as first quarter sales figures across the life sector still indicate Edinburgh's finest has some way to go to restoring its place at the head of the table. While motions may have been passed in favour of management now, the fact is those in the City whose job it is to scrutinise new share offers will do just that with a very large microscope come time to actually start selling off what has been the UK's biggest mutual. A major wakeup call will have come with figures published today by Legal & General, which says its first quarter glo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Compliance-focused adviser generation 'lost the human touch'

Compliance-focused adviser generation 'lost the human touch'

‘Now there's soft skills training but advisers naturally did it back then’

Isabel Baxter
clock 24 April 2024 • 2 min read
Advice firms face data challenges amid new regulation

Advice firms face data challenges amid new regulation

Firms face challenges in collecting data and due diligence processes

Sahar Nazir
clock 24 April 2024 • 1 min read
PA Working Lunches: Register today to hear from Baillie Gifford

PA Working Lunches: Register today to hear from Baillie Gifford

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 24 April 2024 • 1 min read