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Standard Life ponders sale of healthcare arm

Standard Life is considering selling its health insurance business.

According to press reports, the insurance group is said to be considering the sale, to be worth around £200m.

Fenchurch Advisory Partners has been appointed to consider the options for the insurance firm.

In October last year, Barclays agreed to acquire Standard Life Bank in a deal worth £226m.

Under the terms of the transaction, Barclays acquired a savings book of approximately £5.5bn, as at June 30, 2009, and a mortgage book with outstanding balances of approximately £8.8bn, as at June 30, 2009, with an average indexed loan to value ratio of 48 per cent.

A Standard Life spokesman says: “We do not comment on rumour or speculation.”

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