AN ALL-PARTY parliamentary group examining the true cost of demutualisations among life assurers and building societies has called for legislation introducing an independent check on demutualisation windfalls, reports The Financial Times .
According to the paper, the group said this independent analysis of the pros and cons of demutualisation, to be conducted before members voted on demutualisation proposals, was needed to ensure that members' interests were being protected. The group said too many people in previous demutualisations had not been clear on the benefits or otherwise of the proposals from mutuals and had not had sufficient evidence to make an informed decision. The call for an independent assessment comes ahead of Standard Life's planned demutualisation this year. STANDARD LIFE HAS stepped up its drive to i...
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