Standard Life's new money 'not enough' - papers 10 July

The paper says equities analysts’ estimates of £250m for new business development being released through the activities of the former mutual “is not that much”. That said, the target of raising £800m for the life company subsidiary is seen as a boon, as the divide between the two pots of new money is seen as “artificial”, meaning “money can be shifted from [one to the other] if Standard Life’s board saw fit.” That £250m figure suggests, according to one analyst, the company does not have any major acquisition goals. However, The Scotsman suggests there could be action in Asian markets...