Standard Life's with-profits policyholders will get substantial windfalls in the likely event that it demutualises, according to insurance analyst Roman Cizdyn.
Unlike Ned Cazalet, who says there will be no windfall bonanza, Commerzbank analyst Cizdyn believes policyholders - especially those in Standard's with-profits fund - will see substantial windfalls from any demutualisation.
But he does not expect the life office to continue to attract much new
business, predicting that IFAs will be left “scratching their heads” and looking to place their clients with rival firms. He says: “The ncertainty is going to be an excuse to look elsewhere. It is a potentially damaging announcement. The new management is going to have to deal with the strategic review.”