Standard Life says it is in a god position to go ahead with its proposed demutualization in 2006 after publishing what it calls "a robust set of figures" for the first six months of this year.
The UK Life and Pensions provider says its core market increased 10% and that it is continuing to write new business in market identified as offering the greatest opprtunities for profit and long-term growth. Sandy Crombie, chief executive of Standard Life, says: “Changes in the UK market, created by new regulations affecting the distribution of long-terms savings products, present Standard Life with exciting opportunities. The Financial Adviser channel will remain essential for us, but we have already demonstrated the potential for new agreements with distributors seeking to deal with o...
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