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Standard in external search for finance director

Standard Life is aiming to boost the plc experience on its board by looking externally for a new finance director to replace John Hylands.

Hylands will move to a new role leading the project to demutualise Standard. Two weeks ago, the appointment of Trevor Matthews as chief executive of life and pension business marked the first external appointment to the Standard board for over 30 years.

The firm wants public company experience on the board in the run-up to the planned flotation after a 2006 demutualisation vote. It has appointed headhunters Heidrick and Struggles. Names in the frame include former BT and Lloyds TSB finance director Philip Hampton and ex-Aviva finance director Mike Biggs.

Standard Life chief executive Sandy Crombie says: “We have begun a search for a new group finance director with the very different skills and experience we will need in that role as a public company. This person will strengthen the team that will take Standard Life into a new era.”


Benefit match

The stakeholder world offers many challenges to IFAs and product providers, especially in the corporate advice arena where there are two main issues. The first is persistency – how can you lock in your corporate clients and keep them loyal to your business? The second is how can you effectively and efficiently cross-sell into them […]

Bee warning over pension property

Scottish Life head of pensions development Steve Bee says the Government has grossly underestimated the boost that residential property in pensions will give to the housing market. Bee told PIMS delegates on board the Oriana last week that he would put £120,000 in a personal pension on A-Day and use the fund to buy a […]

MPs and civil servants can bust pension rules

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Carnaby shows twin EISs

Carnaby has established two enterprise investment schemes &#45 one investing in an English romantic comedy film and the other investing in its worlwide distribution arm, Carnaby International. Carnaby was established in 2001 to finance and produce British films and has used EIS tax incentives to encourage investment. The film EIS &#45 Love FM &#45 aims […]

When will US rates rise?

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