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Standard Life PLC (SL.L)

SL.L on London Stock Exchange

25 Oct 2016
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Latest Key Developments (Source: Significant Developments)

Standard Life says UK's FCA asks for review of annuity sales
Monday, 17 Oct 2016 11:05am EDT 

Standard Life Plc : Thematic review of annuity sales practices . At request of FCA, co will conduct a review of all non-advised annuity sales from July 2008 . Review to identify whether our customers received sufficient information about enhanced annuities to make right decisions about their purchase . Says not yet possible to determine a reliable estimate of quantum of any redress associated with this process . Annual report 2015 noted a contingent liability in light of potential for a requirement to compensate customers flowing from FCA's review .Possible that financial impact may be mitigated by our group professional indemnity insurance.  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

Moody's changes outlook on selected UK life insurers following vote to leave EU
Tuesday, 28 Jun 2016 04:51pm EDT 

Moody's on Uk Life Insurers- : Changes outlook on selected UK life insurers following vote to leave EU . Actions follow referendum vote in favour of UK leaving EU and recent change in outlook of UK's AA1 government bond rating to negative from stable . Change in outlook for selected UK life insurers reflects view following "leave" vote, resultant prolonged period of uncertainty for uk will cause financial market volatility . Affirmed ratings,changed outlooks to negative for legal & general group, Prudential UK, Standard Life, Royal London Mutual Insurance Society . Expects the operational impact to be manageable for most rated insurers . Outlook reflects elevated downside risks to UK's growth prospects given that insurers' revenues,profits largely correlate to economic growth . Believes that the most affected groups are UK domestic life insurers .Following leave vote, expect heightened uncertainty, diminished confidence and lower spending to result in weaker economic growth in the UK.  Full Article

Standard Life Chairman says access to EU single market best for customers
Tuesday, 17 May 2016 12:15pm EDT 

Standard Life Plc : "We believe that access to EU single market is in best interests of our customers and clients" - Chairman . "Single market has created an environment that gives individuals and businesses confidence to invest for long term" - Chairman . "Attitudes towards what is appropriate remuneration constantly evolve and what is right one year isn't necessarily right next" - Chairman . "We listened to feedback and discussed what to do" - Chairman on remuneration report ."We will continue to engage with shareholders on these matters" - Chairman on remuneration report.  Full Article

Standard Life CEO not to accept maximum opportunity in 2016 under LTIP
Wednesday, 11 May 2016 12:42pm EDT 

Standard Life Plc : CEO Keith Skeoch has confirmed he has voluntarily decided not to accept maximum opportunity awarded to him in 2016 under LTIP .Keith skeoch award under 2016 executive plan has been reduced from 500 pct to 400 pct of salary.  Full Article

Standard Life Plc proposes an interim dividend
Tuesday, 4 Aug 2015 02:01am EDT 

Standard Life Plc:Proposed an interim dividend for 2015 of 6.02 pence per ordinary share (interim 2014: 5.60 pence), an estimated 119 mln Pounds in total.Dividend is expected to be paid on Oct. 20 and will be recorded as an appropriation of retained earnings in the financial statements for year ended Dec. 31, 2015.  Full Article

Standard Life Plc announces directorate change
Friday, 19 Jun 2015 02:00am EDT 

Standard Life Plc:Says David Nish is stepping down on Aug. 5 after six years as Chief Executive and nine years as director of company.Says Keith Skeoch, currently Chief Executive of Standard Life Investments, will succeed him as Chief Executive.  Full Article

Standard Life announces final dividend
Friday, 20 Feb 2015 02:00am EST 

Standard Life Plc:Announces final dividend of 11.43 pence per share (up 8.0 pct on 2013) giving a total dividend for 2014 of 17.03 pence per share (up 7.8 pct on 2013).If approved, this is due to be paid to shareholders on May 19.  Full Article

Standard Life plc updates on disposal of Canadian Companies
Monday, 2 Feb 2015 02:00am EST 

Standard Life plc:Confirms the completion on Jan. 30 of the sale of its Canadian companies, Standard Life Financial Inc. and Standard Life Investments Inc., to The Manufacturers Life Insurance Company, a subsidiary of Manulife Financial Corporation (Manulife).Says for a total cash consideration of C$4.0bln.The transaction includes Global Collaboration Agreement where Manulife will seek to distribute Standard Life Investments' funds in Canada, the US and Asia, deepening Standard Life Investments' distribution reach.Standard Life Investments and Manulife will also explore other potential opportunities for collaboration between their respective investment capabilities and distribution platforms.  Full Article

MOVES- Bank Of America, Lyxor Group, Principal Global Investors

Oct 19 The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com.