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Recent with-profits policyholders can reconsider – Standard Life

Mutual insurer Standard Life has revealed policyholders who have
taken out with-profits policies since November 16 will have the
chance to reconsider in the light of yesterday&#39s announcements.
It has said it will be writing to policyholders who have taken out
with-profits policies in the current financial year “to offer them the
chance to reconsider, without penalty, their investment decisions”.
Yesterday Standard announced it is to undertake a strategic review,
in which demutualisation will be considered. Group chief executive
Iain Lumsden has also retired after 36 years with the company, being
replaced by Standard Life Investments chief executive Sandy
Crombie, effective immediately.



“There have been numerous contributions over the decline of the sector, not just Paul Smee.” Ian Potter, Jackson Potter Advisers“Absolutely. Time and time again, the industry is slighted and these people contribute nothing to add value or help us. They are under the illusion that we are a profession but as yet we have not […]

Asset allocation puzzles three-quarters of savers

Nearly three-quarters of investors do not understand the meaning of asset allocation, says JP Morgan Fleming. In a survey of 578 savers and investors, only 27 per cent correctly defined asset allocation as the way in which a portfolio is spread across different types of investment. Nine per cent thought it referred to borrowing money […]

WP policyholders will get windfalls, says Cizdyn

Standard Life&#39s with-profits policyholders will get substantial windfalls in the likely event that it demutualises, according to insurance analyst Roman Cizdyn. Unlike Ned Cazalet, who says there will be no windfall bonanza, Commerzbank analyst Cizdyn believes policyholders &#45 especially those in Standard&#39s with-profits fund &#45 will see substantial windfalls from any demutualisation. But he does […]

Fidelity&#39s Bolton rethinks retirement

Anthony Bolton, Fidelity&#39s star fund manager, is to remain with the group beyond 2004, his planned retirement date. Bolton, 53, said two year&#39s ago that 2004 would be his final year running Fidelity&#39s flagship £2.9bn special situations fund and its £125m special values investment trust but he now says he will stay on past 2005. […]


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