Standard Life victims take legal advice

Around 97,000 investors were affected when the life and pensions firm wrote off 5% of the £2.4bn fund - around £100m - due to investments in asset backed securities. Sacker & Partners partner Katherine Dandy told Professional Pensions a number of schemes have asked the firm to review the situation because "the trustees have had complaints from members". She says: "We have not formed any final views at the moment because all these schemes are different." Dandy also stressed the firm's role was "very much at a preliminary stage". Wragge & Co also says schemes are worried: "We certainly ...