Standard Life policyholders to face more disappointment - papers 15th April

According to the Scotsman, more of the mutual's mortgage endowment customers may also find themselves with a shortfall on their policy. In the beginning of the year, Standard Life was forced to reduce the amount of policyholders’ money it holds in shares after the FSA introduced its new solvency rules for insurers. Back then, Standard Life chief executive Sandy Crombie, said 86% of the firm’s 1.2m mortgage endowment policyholders were destined to face a shortfall. Today, most of them can now expect that shortfall to have grown, the Scotsman adds. Furthermore, more policyholders ar...