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Standard Life PLC (SL.L)

SL.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Standard Life updates on post-merger co-CEO roles
Monday, 20 Mar 2017 08:15am EDT 

Standard Life Plc : Proposed all-share merger:Post-Merger Co-CEO Roles . Post-Merger approach to organisational design and allocation of responsibilities between co-chief executives is being communicated . As co-ceos, Keith Skeoch and Martin Gilbert will share responsibility for core aspects of role such as executive committee . Keith Skeoch will have individual accountability for day to day running of fabric of combined business . Martin Gilbert will have individual accountability for external matters including responsibility for international activities . Keith and Martin will have joint accountability for communications and post-merger integration programme. . Both companies expect to make further announcements regarding composition of proposed executive management teams in due course .All relevant appointments are subject to regulatory approval..  Full Article

Standard Life CEO - no plans to sell annuities back book
Monday, 6 Mar 2017 06:27am EST 

Standard Life : Ceo keith skeoch tells analysts' call standard life still needs insurance business, no short-term plan to sell annuities back book . Ceo keith skeoch - says may change plans on annuities back book if interest rates rise Further company coverage: [SL.L] ((carolyn.cohn@thomsonreuters.com;)).  Full Article

Standard Life CEO Skeoch says its shareholders positive on merger with Aberdeen
Monday, 6 Mar 2017 03:00am EST 

Standard Life /Aberdeen Asset Management merger : Ceo keith skeoch says "we want to talk to our people first" about job losses related to standard life/aberdeen merger . Ceo martin gilbert says he and skeoch have "complementary skills" as co-ceos of merged firm . Ceo keith skeoch says serious conversations on deal began in early january . Ceo martin gilbert says major shareholders mufj <8306.t> and lloyds put no pressure on aberdeen to do deal . Ceo keith skeoch says standard life shareholders he has spoken to are positive and supportive of deal . Ceo martin gilbert says only around 4 clients overlap in standard life, aberdeen top 50 clients Further company coverage: [SL.L] ((carolyn.cohn@thomsonreuters.com;)).  Full Article

Standard Life CEO has pay cut in 2016 - annual report
Friday, 24 Feb 2017 02:27am EST 

Standard Life : Chief executive keith skeoch paid 2.75 million stg in 2016 versus 3.46 million stg in 2015 - annual report Further company coverage: [SL.L] ((carolyn.cohn@thomsonreuters.com;)).  Full Article

Standard Life operating profit rises 9 pct to 723 mln stg
Friday, 24 Feb 2017 02:16am EST 

Standard Life Plc : Total dividend up 8 percent to 19.82 penceper share . Final dividend 13.35 penceper share . Final results - part 1 of 8 . Assets under administration (£bn) 357.1 307.4 16% . Operating profit before tax (£m) 1 723 665 9% . Profit for year attributable to equity holders of standard life plc (£m) 368 276 33% . Full year dividend per share (p) 19.82 18.36 8.0% . Increased assets under administration by 16% to £357.1bn with modest net outflows of £2.6bn, representing less than 1% of opening assets . Institutional net inflows of £1.1bn and wholesale net outflows of £1.7bn in most challenging market for uk mutual fund industry for over 20 years . Resilient gross inflows of £27.7bn (2015: £30.5bn 6 ) with lower demand for gars partly offset by a 30% 6 increase in gross inflows to £17.5bn .Fee based revenue up 5% to £1,651m (95% of total income).  Full Article

Standard Life says UK and Europe Pensions CEO to retire
Thursday, 26 Jan 2017 05:00am EST 

Standard Life Plc : Directorate change . With effect from 1 March 2017, Paul Matthews, CEO UK & Europe Pensions And Savings will stand down as an executive director . Barry o'Dwyer, currently CEO Standard Life Assurance Limited, will be appointed to board as an executive director .Paul matthews will retire from company on 31 August 2017.  Full Article

Standard Life comments on strategic combination involving HDFC Life
Monday, 14 Nov 2016 02:00am EST 

Standard Life Plc : Further notes that HDFC Life believes that scheme of arrangement as submitted to IRDAI is in compliance with all applicable laws . Possible strategic combination involving HDFC Life .Notes announcement by HDFC that IRDAI has expressed reservations regarding accepting scheme of amalgamation in its current form.  Full Article

Investor Standard Life Investments backs SVG's plan to liquidate itself
Wednesday, 5 Oct 2016 08:01am EDT 

Standard Life Investments: SVG shareholder Standard Life Investments says supportive of SVG's proposition to maximise shareholders value by liquidating the portfolio For the story on SVG, click: [nL3N1CB1HN] [nL3N1CA33A] Further company coverage: [SVI.L] [HVPEa.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Standard Life CEO says property fund still suspended
Tuesday, 9 Aug 2016 02:55am EDT 

Standard Life Plc : CFO says aims to get cost-to-income ratio below 60 percent in the 'not to distant future'. . CEO Keith Skoech says sees post-Brexit market volatility to continue into second half of year. . Colin Clark says retail fund redemptions in H1 largely went to cash; institutional in-flows strong, favouring fixed income, real estate. . CEO says backs PM Teresa May's plan to address excessive executive pay; wants simplicity, transparency, focus on 'wealth at risk not income at risk'. . CEO says has recently reviewed UK Property fund, at moment it remains suspended. .CEO says has sold a property from its suspended fund; market working as falling price, exchange rate makes it attractive for overseas buyers..  Full Article

Standard Life to have 24.1 pct stake in HFDC Life
Monday, 8 Aug 2016 09:11am EDT 

Standard Life :Says will have 24.1 percent stake in hfdc life following hdfc life/max group tie-up.  Full Article

More From Around the Web


Standard Life's CEO to run day-to-day business after Aberdeen merger

LONDON Standard Life Chief Executive Keith Skeoch will oversee its day-to-day running after it merges with Aberdeen Asset Management , while Aberdeen boss Martin Gilbert will handle external matters like marketing, the companies said.