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IFAs hope Standard continues to &#39behave properly&#39 towards policyholders

On the brink of demutualisation Standard Life has announced it will
be writing to policy holders who have taken out with profits policies in
the current financial year, since November 16, to offer them the
chance to reconsider the without penalty their investment decisions.
Michael Philips proprietor Michael Both believes the demutualisation
decision &#39has been taken lightly&#39 but questions why the company has
gone down this route after many years of consideration.
He says: ” It could be that something nasty is going to come out of the
woodwork. It&#39s a shame to see them demutualise and they&#39ll
certainly be a take over target now. I only hope they don&#39t end up in the
clutches of the Abbey group. That would be sad. As usual they are
offering a deal for new customers to exit their policies if they want to
which I think is behaving properly. I can only hope this type of
behaviour will continue.”

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