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Analyst plays down question over Standard solvency

The FSA&#39s statement on talks with Standard Life over the calculation of its balance sheet should not be interpreted as indicating the life office faces insolvency, says Commerzbank insurance analyst Roman Cizdyn.

Cizdyn says the matter relates to a dispute between the FSA and Standard over the interpretation of accounting rules which are yet to come into force.

Cizdyn says: “Shares in listed life offices are rising at present so investors are not worried about the life sector as a whole. Standard have maintained a high equity holding and although they may have been taking a pasting last March, they should be doing much better now.”

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