Standard Life seeks with-profits alternative - papers 24th May

Trevor Matthews, the group's head of life and pensions, said he thought with-profits had been "pushed too hard" over recent years, saying he wanted to offer replacements after the group's demutualisation in 2006. Matthews told the Scotsman: "With-profits were originally just a life cover but were forced into other things, such as providing investment returns. In years to come, if you want an investment product you will get a proper investment product." PENSIONERS on low incomes will soon benefit from a £250,000 lottery donation which could ease the burden of filling in their tax retur...