Standard Life

Standard Life has developed its active money SIPP with a new investment team to assist high net worth clients and an enhanced property service.

A new system of collecting data proposed by HMRC could mean pensioners never have to pay emergency tax rates again, according to Standard Life head of pensions policy John Lawson.

Standard Life CEO David Nish’s comments that the life insurer is keen to start exploring other distribution routes besides advisers, including direct to consumer and via employers, are still sending shock waves through the industry.

Standard Life has offloaded its 20% stake in advice firm RSM Bentley Jennison.

Standard Life agreed to sell the only stake it held in an IFA business because it wanted to put "clear blue water" between itself and independent advice models, distribution director Stephen Ingledew says.

Openwork has acquired 2plan Wealth Management for an undisclosed sum as the multi-tie network moves to develop a stronger proposition to whole of market advisers.

Standard Life head of trading Mark Polson is leaving the company.

David Nish, Standard Life's new CEO, says he is keen to explore other sales avenues outside the financial advisory route including direct to consumer and employer-based.

Standard Life today says it expects a net headcount reduction of some 500 employees over the next 15 months as it rolls out the second phase of its group restructure.

Leading UK statisticians are questioning government plans to link the state pension and other key benefits to the consumer prices index (CPI).