Standard Life

The latest consultation on the best way to calculate pension transfer values has been issued by the Government.

THIS MORNING'S papers all mention the criticism aimed at the Chancellor by the head of the Bank of England.

A BIG disappointment looms for 2.4m with-profits policyholders in Standard Life when the company floats on 10 July, the Scotsman claims this morning.

The Financial Services Authority is to get tough on businesses and individuals who break the spirit of the law rather than just the law itself, reports The Daily Telegraph .

Standard Life has reduced its offer price range to between 210p and 270p to reflect "present market conditions".

Barclays has launched an online pension term assurance (PTA) product direct to consumers with a penalty-free conversion option.

The Court of Sessions in Scotland has given its approval for Standard Life to demutualise.

Standard Life has reacted angrily to press reports this morning claiming the provider is cutting its IFA support staff by a third as "disingenuous and inaccurate".

Standard Life has just announced its members have voted overwhelmingly to demutualise the life insurance firm and become the newest listed company on the London Stock Exchange.

SANDIE CROMBIE, the chief executive of Standard Life, gave a warning last night that "a float can be pulled the night before", as the FTSE 100 plunged 139 points, reports The Times .