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Cazalet releases Standard Life numbers

Financial analyst Ned Cazalet fired off another salvo against Standard Life this weekend, claiming that on the basis of the Scottish Widows demutualisation it would be worth £16bn.

Using the same methodology as Standard Life&#39s own actuarial advisors Tillinghast, Cazalet says the average windfall would be £7,000.

The UK&#39s largest mutual has threatened to sue Cazalet for defammation. The threat was made two weeks ago, however, and he has not received a writ.

Standard Life has estimated its worth at £12bn and windfalls at less than £2,500.

Cazalet says an individual who took out a £60-a-month mortgage endowment policy in 1985 would be in line for £6,000 while someone who has invested £80 a month for the last 20 years would stand to gain £31,000.


Standard Life gives Woollard platform

Standard Life has offered carpetbagger Fred Woollard a 500 word platform to make his case for demutualisation.The company plans to write to its 2.3m policyholders next month to make its case for retaining its mutual status. Woollard had requested access to Standard Life&#39s list of policyholders but, the company had refused on the grounds that […]

Fidelity supermarket players announced

Fidelity closed the door on its fund supermarket today and has made a final decision on the 14 fund mangers that will take part.They are believed to include Aberdeen, Virgin Direct, Invesco, Newton, Schroder, Deutsche Asset Management, Fleming, Fidelity, CGU, Norwich Union, HSBC, Mercury, Barings and Henderson. The supermarket, to be called the FundsNetwork, is […]

Friends Provident warns policyholders over windfalls

Friends Provident has warned policyholders they might not automatically be entitled to windfalls when the life office floats on the stockmarket.Unless policyholders can prove that they qualify, they will not stand to collect any money.The life office says that a customer had to have requested an application form by May 3 to qualify, the day […]

CA in commission plea on endowments

High commission paid to IFAs should instead be used to meet customers&#39 endow-ment shortfalls, says the Consumers&#39 Association.The CA&#39s intervention comes as some of the UK&#39s biggest life offices embark on a commission war to win market share ahead of the onset of stakeholder pensions next April.Many of the providersinvolved are also writing tocustomers, warning […]


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