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Standard Life Bank unlikely to be affected

The industry does not believe Standard Life Bank will be affected by the changes currently shaking Standard Life.

Legal & General head of publicity and press relations John Morgan says although the ownership of SLB might change within Standard Life, there is no reason for it to be sold if it is making a profit.

And Park Row Independent Mortgages managing director Kevin Paterson says: “I don&#39t think SLB will be affected – it has a good range
of products and is profit making so it should be alright.”


Friends Prov offers tax tool

Friends Provident is offering IFAs a friendly hand with client tax self-assessments this year as the deadline for returns draws near.Tax self-assessment forms are due on January 31 for the 2002/2003 year and Friends Prov is providing its free on-line My TaxFriend tool which offers guidance through the form, along with automatic completion of complex […]

Tory MP makes fourth bid for annuity reform

The latest bid to end compulsory annuity purchase started last week with the first reading of a private member&#39s bill from Conservative MP Adrian Flook. The bill is the fourth attempt to change the law on annuities in as many years following attempts by Tory MPs Sir John Butterfill, David Currie and Edward Garnier. The […]

Standard&#39s WP fund is a &#39dead parrot&#39, says Cazalet

Standard Life&#39s with-profits fund is like a “dead parrot resting” and is effectively closed in practice, says independent insurance analyst Ned Cazalet. Cazalet is predicting that bonuses, payouts and equity weightings will be cut in the wake of Standard&#39s strategic review which will consider demutualisation. He says it effectively looks as though the firm has […]

Tigue elected to AITC board

Jeremy Tigue has been elected to the Association of Investment Trust Companies board. Tigue is manager of foreign & colonial investment trust. Tigue replaces Ewen Macpherson who has retired by rotation in accordance with the AITC&#39s articles. The AITC has also re-elected Richard Burns, chief investment officer at Baillie Gifford & Co and investment trust […]


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