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Standard Life to consider demutualisation

Standard Life, Europe&#39s largest mutual, is to consider demutualisation as part of a strategic review of its business model.

The life office has concluded its discussions with the FSA and says figures for its returns for the year to November 15, 2003 will show a 9.5 per cent increase in available assets of £4.6bn compared to £4.2bn as at November 15, 2002.

Standard Life chairman Sir Brian Stewart says: “Standard Life remains financially strong. However, we have to recognise that the world is changing and this is why the Board has commissioned a strategic review to examine how we should best respond to this changing industry and regulatory environment.”

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