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Standard Life chief to step down

Scott Bell, the group managing director of Standard Life, is to step down next March in favour of Iain Lumsden.

Jim Stretton, the chief executive of UK operations is also retiring in December. Sandy Crombie will become deputy group chief executive with effect from next March.

The giant Scottish mutual says it will maintain its commitment to mutuality.

Standard Life chairman John Trott says: "Scott Bell and Jim Stretton have made immense contributions to Standard Life’s success and development."

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Benefits - thumbnail

Global benefits predictions for 2015 from Jelf International

According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.

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