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Wells Street Journal: Standard Life to invest in fixing broken website

This week, WSJ sister title Money Marketing reported on Standard Life’s plans to invest in D2C using some of the proceeds from the sale of its Canadian business. 

The Edinburgh-based provider is making a wise choice. For having seen the news, inquisitive WSJ reporters logged on to Standard Life’s site to test out the current Isa transfer service. It promptly crashed.

The journo in question would love to hand Standard a ready-made excuse and testify that their own whopping Isa savings had stretched the administrative power of the life office website to the max.

Alas, a measly Isa transfer of a few thousand pounds should be meat and drink for even the most cumbersome of technology systems.

But having bagged a tidy £2.2bn – £500m after shareholder dividend plus a distribution tie-up with North American insurer Manulife, Standard Life should have no trouble finding the necessary reserves to patch up their consumer-facing tech.



Standard Life eyes D2C investment with Canada sale cash

Standard Life is set to invest in its direct-to-consumer footprint in the UK using funds from the sale of its Canadian arm to Manulife. The £2.2bn deal with Manulife, announced last week, saw the firm pay £1.75bn to shareholders. Speaking in a briefing following the announcement, Standard Life chief executive David Nish (pictured) said: “In terms […]


Labour prepares fresh assault on Govt over Nest restrictions

Labour is calling for Nest’s restrictions to be removed immediately after the European Commission confirmed lifting the scheme’s contribution cap and transfer ban would not breach state aid rules. The Government has previously claimed it would “not be lawful” to scrap Nest’s £4,600 annual contribution limit and ban on transfers before a review of the […]

David Shelton: Tackling charging structure problems

For many firms, it takes some time to implement a consistent, profitable and competitive adviser charging structure. If you need a snapshot of what is going on, ask the individual advisers these questions: Do we operate a completely consistent pricing policy across all advisers and clients? Can we successfully argue the case to the regulator […]

Leading Edge – April 2017

There is little doubt 2017 will be a year of political uncertainty. Leading Edge is Royal London Asset Management’s regular review of investment markets. This edition explores some of the impacts that this uncertainty is having on investors, from the pitfalls of prediction within UK equity investing to the dangers of opting for convenience over […]


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