Stonebanks steps up his campaign - papers 16th July

STANDARD LIFE'S mutual status was yesterday in danger again after retired lecturer David Stonebanks delivered his almost 2,000 strong petition to the company, reports the Scotsman. Stonebanks - promising policyholders average windfalls of about £2,500 if the insurer is to demutualise – expects that his petition will hold at least 1,000 "non-iffy" signatures required to push for a demutualisation vote. SL now has three weeks to decide whether or not Stonebanks' request for a demutualisation vote is valid, but officials warned that long-term policy returns would suffer if the i...