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Standard won&#39t talk about mutual benefits

Standard Life will no longer tell its existing and prospective with-profits policyholders about the anticipated benefits of mutuality as it announces it is reviewing its mutual status.

Following the completion of talks with the FSA, the life office has also announced future and existing with-profits policyholders will also face a charge to reflect any relevant guarantees on its books.

It says while it intends to remain competitive in its bonus announcement, due on January 29, it does expect they will be reduced to reflect the state of the markets in recent years. But, it says these reductions will be in line with its competitors and will not be affected by today&#39s announcement.

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