Standard Life

Differences of opinion over the effects of provisions in the Finance Bill by two major providers has highlighted the difficulty of interpreting proposals set out in the legislation.

Members of money purchase schemes could escape having to pay a recovery charge on any funds above the lifetime limit by selecting enhancements which would normally lower the value of an annuity income, says Standard Life.

Edinburgh-based Standard Life has appointed new chief executives of both its UK life and pensions business and its fund management business Standard Life Investments.

Life offices attending yesterday's Treasury Select Committee meeting have been "challenged" to cut the length and complexity of Key Features Documents and develop a "summary box" of a product's risks and rewards.

Standard Life is to close five IFA support offices across the country as part of a £11m cost-cutting exercise, according to internal documents seen by The Scotsman.

Provider Standard Life has launched its bulk data download facility for both group and individual pensions, including valuations, fund allocations and payment details.

Office for National Statistics figures for the UK economy are once again under fire after yet another industry survey showed a gap between what the statisticians are saying about the country and what groups such as the CBI are finding out from their own...

Standard Life yesterday proved yet again that unlisted life company boards must do something pretty awful before any of their proposals are actually voted down by policyholders or members.

Policyholders threatening to hold directors to ransom by not voting for resolution 12 - the Report of the Remuneration Committee on Directors' Remuneration - at today's annual meeting were disappointed by a narrow margin as 57% of members voted in favour....

Standard Life has started its annual meeting, which offers members the first chance to personally grill directors about the ongoing strategic review and plans to demutualise the company by 2006.