Standard Life

HBOS has announced a drive on further costcutting which is expected to make annual costsavings of £300m by the end of 2009, reports the Scotsman .

The ASP hoo-ha that developed following Ed Balls' comments in July at last seems to be dying down. Attention has now turned to the much more important topic of personal accounts.

The idea of personal accounts are ‘ridiculous' when pension credit means 60% of people would not be safe in going into personal accounts, says Standard Life.

Well if you have just returned from two weeks in the sun, the answer is likely to be "Not much. I had more than 200 emails waiting for me".

Five of the UK's financial services fund platforms have joined together to create a committee aimed at building industry-wide standards.

Listed life insurance firms Resolution Group and Standard Life are set to become members of the FTSE 100 index, but one of its investment house rivals will leave.

Less than a half of financial advisers have recommended pension term assurance (PTA) since A-Day, according to research from Standard Life.

Life offices may have succeeded in finding a way around a potential 70% tax charge for members who want to transfer their pensions after taking tax-free cash.

Standard Life is scrapping the retirement age for its 8,000 workers ahead of new employment legislation aimed at outlawing age discrimination, reports the Scotsman .

Standard Life has announced its pension term assurance Life Insurance with Tax Relief (LITR) is now available online.