Standard Life loses £1.25bn in switch out of equities - papers 11 August

Profits foregone for each of the 2.6 million with profits policyholder is calculated at £480, the paper writes. The switch into bonds was triggered by tougher regulations intended to ensure life companies are fiscally sound, and in Standard Life’s case resulted in the biggest single sell off of equities by a UK institution – approaching £8bn worth of shares. The FTSE 100 index’s 500 points gain in the past three months has amplified the opportunity cost of last year’s decision, the paper adds. UK INFLATION COULD be set to strengthen according to the Bank of England’s quarterly repo...