Standard Life begins the demutualisation process

Details of the group’s plan to list on the London Stock Exchange are still sketchy at this stage, as the firm has yet to decide whether the Special General Meeting will be held in May or June 2006. But the provider says in a statement this morning it will be writing to eligible members before the end of this month to check their policy details to ensure they are eligible for a windfall. No indication has yet been given by Standard Life as to how much policyholders might receive in compensation, but early indications suggest the average payout could be between 500-£1,000 per eligible m...