View more on these topics

Pressure increases on Standard Life to convert


Pressure has increased on Standard Life to demutualise as one of the largest with-profit policyholders has jumped on the conversion bandwagon.


Barclays Global Investors, the second largest institutional investor has publicly lent its support to the cause of carpetbagger Fred Woollard, who is leading the charge to demutualise.


Scottish Value Management head Colin McLean, another large investor in the insurance house, has also publicly called for a debate on the future status of the company.


Policy holders with Standard Life could potentially receive windfall payments of up to £6000 if demutualisation occurs.


So far, the board has resisted any demands, defending its pro-mutual status.

Recommended

Invesco GT global dynamic

Last year, everybody was either scrambling to get in on the technologystock boom or the high-yield corporate bond junket. While the technologystory is still very much in play despite recent market volatility, severalfund managers are looking to give investors a diff- erent offering whichincorporates technology via a global theme fund.Mercury and CGU have both launched […]

&#39PPI investments fail stake criteria&#39

Pooled pension investments will fail the stakeholder crit^_eria, accordingto leading fund managers.The warning comes from the chairman of Autif&#39s pensions advisory groupFiach Maguire, who says most collective investments, such as unit trusts,investment trusts and Oeics, fall foul of the 1 per cent charge capgoverning stakeholder.Collective investments generally have initial charges of up to 6 per […]

IFAs fear life office powers in ABI scheme

IFAs fear that life offices could become judge, jury and executioner inthe way they conduct their business under the latest proposals from theABI.The proposals, part of the ABI&#39s Savings and Long Term Risk adviceaccreditation project, suggest life offices will be able to take actionagainst individual IFAs if they believe the way the adviser conductsbusiness threatens […]

Schroder prescribes medicine for new fund

Schroder is kicking off the second Isa season with the launch of a globalhealthcare fund and a European technology fund.The medical discovery fund, supported by cancer research, aims tocapitalise on companies creating new advances in the field of medicine andtakeover activity in pharmaceutical stocks.Half of any retained initial charge together with a percentage of theannual […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment