Standard Life reveals further Scottish independence contingency plans

clock

A ‘yes' vote in the Scottish referendum could see Standard Life move its pensions, investment and other long-term savings operations out of the country.

The provider today gave further details on its independence contingency plans ahead of the 18 September vote. It said "in view of the uncertainty around Scotland's constitutional future, we have put in place precautionary measures which would help enable us to provide customers with continuity". The firm had already revealed its plans for new regulated companies in England to which it could transfer parts of its business if there was a "need to do so". It said transfers could potentially include pensions, investments and other long-term savings held by UK customers. It said the ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Pensions: The overlooked asset in divorce settlements?

Pensions: The overlooked asset in divorce settlements?

Practical steps to narrow the divorce pension gap

Alistair Myles
clock 11 February 2026 • 5 min read
Legacy pensions tech creates 'enormous risk, costs too much and underserves clients'

Legacy pensions tech creates 'enormous risk, costs too much and underserves clients'

'Our industry is famous for thinking in decades, but customers will not wait that long'

Jonathan Hawkins
clock 10 February 2026 • 4 min read
Govt moves to tackle gender pension gap with LPGS scheme changes

Govt moves to tackle gender pension gap with LPGS scheme changes

Reforms follow consultation on access and fairness in the Local Government Pension Scheme

Jonathan Stapleton
clock 03 February 2026 • 2 min read