Standard Life policyholders will receive letters from today confirming the life insurer plans to demutualise if members support the proposal in 2006.
Standard Life says it is in a god position to go ahead with its proposed demutualization in 2006 after publishing what it calls "a robust set of figures" for the first six months of this year.
ALL OF STANDARD Life's seven-million-strong global customer base could be offered shares in the company on a preferential basis next year, in a flotation deal much bigger than that initially considered, according to this morning's Scotsman .
THOUSANDS OF Standard Life policyholders could miss out totally on the potential windfalls of demutualisation unless their policy matures after that date, according to this morning's Scotsman .
Rebel member of Standard Life David Stonebanks will ask eligible voting members attending the annual general meeting in Edinburgh today to back the proposed candidates for the board of directors rather than elect himself.
Mutual life office directors should be required to follow the same Combined Code of Corporate Governance as listed companies and provide even greater voting rights when seeking to act in the best interests of members, says the latest report from Paul...
STANDARD LIFE'S plans to demutualise and float on the stock market have been cast into doubt as it is reported by the Scotsman a majority of the insurer's own policyholders oppose the move.
NORWICH UNION is under pressure to disclose how much it has set aside to cover mortgage endowment shortfalls, says the Daily Telegraph.
Figures released for the six months to 15 May show Standard Life suffered from uncertainties sparked by moves towards demutualisation, although business overseas helped offset sales falls in the UK.
John Hylands has been appointed to lead the demutualization project of Standard Life, the company says