The chair of the All Party Parliamentary Insurance and Financial Services Committee has described Labour proposals to re-mutualise Northern Rock as "crazy".
Standard Life has launched a search to track down 200,000 people entitled to a slice of £184m in unclaimed shares and cash from its demutualisation.
Standard Life's first annual general meeting since its listing on the London Stock Exchange in July last year has seen shareholders pass all proposed resolutions including agreeing a first dividend of 5.4p a share.
Scottish Life is making a final plea for former members to come forward and claim around £7.5m of payments resulting from its demutualisation in 2001.
Standard Life has revealed the results of a Board reshuffle including the appointment of a replacement for Sir Brian Stewart who will step down as chairman of the company at the end of May.
Trevor Matthews, chief executive of UK life and pensions at Standard Life, was this morning forced to apologise to staff for racist comments made in an internal pensions presentation.
Over 235,000 former Standard Life members have yet to claim a total of almost 90 million shares following the company's demutualisation and flotation in July 2006.
Standard Life has reduced its offer price range to between 210p and 270p to reflect "present market conditions".
The Court of Sessions in Scotland has given its approval for Standard Life to demutualise.
Standard Life has just announced its members have voted overwhelmingly to demutualise the life insurance firm and become the newest listed company on the London Stock Exchange.