Standard Life

Standard Life chief executive Sir Sandy Crombie says 'prompt action' on the revaluation of its Sterling Pension fund helped new business inflows recover quickly.

Standard Life has added Brooks Macdonald Asset Management and Rathbone Investment Management to its SIPP platform.

Standard Life wrap will offer adviser firms with more than £10m of assets on the platform rebates to pass onto their clients.

Standard Life's chief executive, Sir Sandy Crombie, is to step down during 2009 and the firm has begun seeking a successor.

Standard Life reported its operating profit before tax (on an EEV basis) rose 6% from £881m to £933m in 2008 compared to the previous year.

Standard Life has been criticised for closing one of its IFA support centres, despite the insurer saying service levels would not drop as a result of its strategic review of distribution.

Standard Life admits it needs to "recover" the trust of some advisers in the aftermath of its Sterling Pension fund disaster.

Standard Life considered launching a pure money market fund days after its Pensions Sterling vehicle began dropping in value, but opted against it.

Adviser confidence in Standard Life has taken a battering in the aftermath of the Sterling pension fund debacle, research suggests.

An IFA is demanding Standard Life pays him compensation for the hours wasted in dealing with the Pension Sterling fund saga.