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No reason to panic over Standard&#39s solvency says McPhail

It is premature to suggest there is a solvency problem at Standard Life despite several reports today according to Hargreaves Lansdown head of pensions research Tom McPhail.

He says new solvency guidelines from the FSA are only now starting to be applied to the life insurance sector, and it is too early to tell how it will affect the financial strength of providers.

Looking objectively at Standard, McPhail says there is much more reason to believe it might have been under duress 12 months ago than today when the markets have recovered substantially since then.

He says: “I think it is far too premature to start suggesting as to whether there is a solvency issue at Standard Life. We are dealing with new solvency guidelines, and it is too early to tell how they are going to affect providers. We will have to wait and see how the discussions between the FSA and Standard on this issue progress.”


Leggmason to launch onshore US small cap fund

Leggmason is waiting for FSA approval to launch an onshore version of its Dublin-domiciled US small cap fund, which is up 102 per cent since launch in November 2001. The new fund will be run by the same manager, Chuck Royce, who runs the offshore fund in the US through his company Royce Associates, a […]

Scottish Life offers pension platform access for SMEs

Scottish Life is offering an employee benefits&#39 platform which allows smaller companies access to online pension valuation traditionally available only to blue-chip company schemes.The platform will mean staff of SMEs using the system will be able to log on to their own account to track their occupational pension pot and other employee benefits.The new offering, […]

Net dividend

Last week, I started to look at the seasonal subject of how best to extract funds from a private company with minimum payment to the authorities. I have already looked at the criteria and formalities for payment, including the payment of interim dividends. This week, I would like to look at the more well-known financial […]


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