National newspaper reports of concerns over the financial strength of Standard Life are an irresponsible overreaction says Syndaxi
Financial Planning partner Robert Reid.
Reid says it is to be expected that the FSA would probe the way Standard handles its accounts and says to extrapolate that to say investors should consider moving funds away from the life office is unreasonable.
Reid says: “A lot of the media reports around Standard have been rubbish. Anyone recommending people move out of Standard should be prepared to stand by that advice.”