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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


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


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.


Taper chase

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Alan Pickering

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ABI plea for Govt to rethink pension reporting rules

The ABI has slammed the Government over what it sees as inconsistenciesin reporting requirements for employer payments to personal pensions.The Department of Social Security wants life offices to whistleblow onemployers which fail to pay employee contributions already deducted fromsalaries.But providers claim that such a move would be imp- ossible to monitor asthere is no current […]

Children&#39s tax credit where it&#39s due

For those of you who regularly advise couples living together andfinancially supporting children, life will get increasingly awkward fromApril 3, 2001. You will need to start preparing for it now, if you have notalready done so.In last year&#39s Budget speech, Chancellor Gordon Brown announced theGovernment would introduce a new children&#39s tax credit from April 2001.In […]


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