View more on these topics

Standard Life may sell banking arm

Standard Life is understood to be looking at selling its banking arm with Barclays Bank believed to be the frontrunner.

According to reports, Standard Life has slapped a price tag of between £200m and £300m for the banking subsidiary, which was launched in 1998.

PricewaterhouseCoopers is understood to be undertaking diligence on the asset base of the bank to advise on an offer by one of the UK clearing banks.

Standard Life Bank currently has savings of around £5bn and around £9.7bn in mortgages. The bank made a £9.5m profit in 2008. Chief executive Anne Gunther stepped down in February this year to be replaced by the head of Standard Life’s customer service division John Gill.

Recommended

Jory wants 30% relief for all

B&CE deputy chief executive John Jory has called on the Government to bring in 30 per cent flat rate-tax relief on pensions and raise state pension age to 80.

Sipp roads

Following the publication of the FSA’s thematic review of Sipp providers, is the playing field being tipped in favour of the biggest providers? Or do small, specialist Sipp providers still have a valuable role to play?

Introducing Trevor Greetham

Ryan Medlock, Investment Proposition Manager, Royal London Royal London Asset Management’s (RLAM) new head of multi-asset is officially up and running. I want to look at what expertise Trevor brings to the table and how this affects the Governed Portfolios (GPs) and Governed Retirement Income Portfolios (GRIPs). Trevor Greetham joined RLAM in April 2015 from […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment