Standard Life demutualisation on track - papers 12th Oct

The FSA is thought to have sought reassurance on the security of endowment policies after the proposed share offer. Standard Life told 600,000 policyholders last year it could not keep its promise to cover the shortfall on their investments, says the paper. Standard Life’s board is due to meet this month to approve the demutualisation, but it was feared the decision may have to be postponed if the regulator was not satisfied, throwing the flotation into disarray. But a Standard Life spokesman said: “It should be of no surprise to anyone that Standard Life has a strict focus to keep its...