90m Standard Life shares yet to be claimed

clock

Over 235,000 former Standard Life members have yet to claim a total of almost 90 million shares following the company's demutualisation and flotation in July 2006.

At the closing price of £3.06 on Tuesday the shares were worth a total of approximately £272m. The shares are currently being held in the company’s unclaimed assets trust (UAT) and represent 4.2% of the total shareholding in Standard Life. The company has also revealed a total of just under £18m in cash has to be claimed by almost 20,000 former members. The cash is also being held in the UAT in a combination of sterling, euro and Canadian dollars. Anyone entitled to shares or cash has until 10 July 2016 to come forward, after which the proceeds of the trust will be used for general ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Professional Adviser journalist wins Headlinemoney award

Professional Adviser journalist wins Headlinemoney award

Prestigious awards celebrate financial services journalism excellence

Professional Adviser
clock 18 July 2025 • 1 min read
PA Digital Working Lunch: Baillie Gifford on the compelling UK opportunity

PA Digital Working Lunch: Baillie Gifford on the compelling UK opportunity

Join PA and Baillie Gifford online next Wednesday

Professional Adviser
clock 18 July 2025 • 1 min read
'Will this return us to one-size-fits-all?': Industry divided over Reeves' Consumer Duty wholesale review

'Will this return us to one-size-fits-all?': Industry divided over Reeves' Consumer Duty wholesale review

Wholesale exemption would ‘adversely affect the Duty’s objectives’

Sahar Nazir
clock 17 July 2025 • 5 min read