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Standard confirms review team

Standard Life has confirmed its strategic review team with big names such as Price Waterhouse Coopers and UBS to support senior executives in its quest to find the best way forward for the mutual insurer.

The review, which will look at a range of factors including the most appropriate capital structure for the company in the future, will be led by Standard&#39s senior executives, with a range of firms providing additional advice.

McKinsey & Company has been appointed to advise on strategy, with Lazard and UBS to act as financial advisers. Clifford Chance will provide legal support, with Watson Wyatt acting as consulting actuaries and Price Waterhouse Coopers advising on taxation and accounting.

Members are expected to be updated on the review at the annual general meeting on April 6, with the review expected to be completed by the summer.


23 firms declared in default by FSCS

The Financial Services Compensation Scheme has declared 23 firm in default this month. It is encouraging consumers who may have lost money as a result of their dealings with any one of 23 firms recently declared in default by the Scheme to get in touch. The firms came from across the country with 11 from […]

ABN takes note with Euro-DAN bonds

ABN Amro is launching its European Direct Access notes into the UK, allowing IFAs to buy global companies&#39 original issue bonds on behalf of clients. The notes, called EuroDANs, will be available at a fixed price throughout the year, offering investors a variety of coupon payments and maturities. Initially, they will have either three-year or […]

BM Solutions sets up new BTL and sub-prime range

Birmingham Midshires Solutions is offering a new range of loans for the buy-to-let and sub-prime markets. The buy-to-let range inc-ludes a three-year tracker at 5.25 per cent with no arrangement fee, refund of valuation and cashback. The maximum lending limit has been increased to £2.5m at 75 per cent loan to value and £1m at […]

Redress paid only where it is due

The letter from BMG Williams (Money Marketing, January 8) could have left readers with the impression that approaching the Financial Services Compensation Scheme is an easy way for consumers to get compensation. The FSCS is a fund of last resort for customers of authorised firms, not a bottomless pit. We only pay compensation if a […]


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