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Cazalet and Standard in legal row

Standard Life and leading life office analyst Ned Cazalet are embroiled in

a legal wrangle over the outcome for policyholders following any

demutualisation.

Standard Life has threatened to sue Cazalet for what it alleges is a

“grossly defamatory and intemperate attack on the company”. Standard issued

its threat last week but, according to Cazalet, has not yet followed up

with a writ. Standard maintains its lawyers are “taking things forward”.

Cazalet, sole proprietor of Cazalet Financial Consulting, says he is in

the process of issuing a counter writ against Standard&#39s PR agency

Brunswick, alleging malicious falsehood. Brunswick refuses to comment.

Liberal Democrat financial spokesman Vincent Cable has entered the fray in

a bid to safeguard the rights of Standard Life&#39s with-profits

policyholders.

He has written to the Chancellor demanding clarification on policyholders&#39

position following any demutualisation. He has also tabled a question about

the part the Government Actuary will play in the proposed demutualisation.

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