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Standard opens up

The publication of Standard Life&#39s report and accounts and FSA

returns may help settle some of the recent arguments about the

insurer&#39s financial position and investment strategy over the last


It puts advisers in a better position to advise clients. The sheer

scale of the equity loss in the last few years, even if it is a paper

one, is staggering, although we have some sympathy with Standard&#39s

defence that for two years previously it had outperformed.

But it must be aware that pay increases for its top executives may

not play well with advisers&#39 clients, particularly when IFAs have to

explain payout cuts.

Mutuals need to pay competitively compared with their plc peers but

pay rises in difficult years could be seized on in any future

demutualisation battle.


&#39Loan paid two years early with offset&#39

Intelligent Finance and Standard Life have produced figures aimed atshowing borrowers the benefits of combining their savings andmortgage.IF says someone with an offset mortgage will on average pay off theirloan two years early.Its figures show that with average house prices currently£125,555, a borrower with savings of £6,219 taking out anoffset mortgage with a loan to […]

Big bonuses for Standard Life bosses despite losses

Standard Life is paying directors big bonuses and pensions despitestockmarket losses and pulling out the stops to clear regulatorysolvency hurdles.The mutual is awarding performance-related bonuses to directors.Chief executive Iain Lumsden was paid £743,000 last year. Thisincludes salary of £467,000, £16,000 benefits includingcar, £136,000 performance-related bonus and £124,000 as thecashable part of a long-term incentive. He […]

88% of people putting homebuying plans on hold

Interest in the housing market has dried up, with 88 per cent of theUK population putting homebuying plans on hold, according to theproperty pulse index by The Mortgage Lender.The findings show that just 7 per cent are looking to buy a home andonly 3 per cent have plans to sell their property.TML says people are […]

&#39Usage is testament to AssureWeb&#39s challenging strategy&#39

Launched in 1998, the AssureWeb portal has come a long way in a shortspace of time. Acquired by Misys in August 2001 and with the purchaseof a 40 per cent stake of the business last year by FriendsProvident, Norwich Union, Scottish Widows, Clerical Medical andAegon, it is fair to conclude that our solid business infrastructurebodes […]


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