Keith Skeoch to step up as David Nish quits as chief executive of Standard Life June 19, 2015 David Nish will step down as chief executive of Standard Life in August after six years in the role, the savings giant said today. He'll be replaced by Keith Skeoch, currently chief executive of Standard Life Investments. Sir Gerry Grimstone, Standard Life's chairman, said Nish had "shown great leadership over the last six years, and [...]
Standard Life assets rise in face of pensions and annuities reforms April 29, 2015 The figures Standard Life's assets under administration rose by five per cent to £311.9bn in the first quarter, as the savings and assets manager flexed its muscle in the face of new UK laws allowing savers to cash in their pension annuities. Third party net inflows of £3.7bn – 73 per cent of which came [...]
City boss Gerry Grimstone: The buck has to stop with board directors March 23, 2015 Who is to blame when a banker many tiers from the top of the firm misbehaves? The banker alone? Their manager? The boss of their division? The chief executive? It can be chaotic working out who should be punished in a vast organisation across dozens of countries and hundreds of thousands of workers. But there [...]
Standard Life annutiues slip but profits are up February 20, 2015 The figures Shares in Standard Life rose 3.4 per cent in early trading, after it posted figures showing pre-tax operating profit grew 19 per cent to £604m in 2014, as assets under management jumped 38 per cent to £296.6bn. The purchase of Ignis Asset Management helped fee-based revenue rise 14 per cent to £1.4bn, while the company [...]
Standard Life lures Countdown star Rachel Riley to pull the pub quiz crowds January 14, 2015 Moving on to pensions now, but oddly not away from pubs, it seems Standard Life is continuing its theme of using celebrities and drinking holes to get us to think about our pensions. Last month the pensions provider published a video featuring Gogglebox’s Steph and Dom, talking about their long-term savings with some people in [...]
Standard Life share price dips as annuities drop but revenues rise October 29, 2014 Insurer Standard Life stated yesterday that it was well placed to deal with changes to UK pension laws, despite reporting a 55 per cent reduction in annuity sales for the year to date (YTD). Annuity sales were down 67 per cent for the third quarter of 2014 when compared with the same period of last [...]
RBS, Lloyds and Standard Life share prices rise as investors get giddy over Scottish No vote September 19, 2014 What a difference a week makes. Just a few days ago, the likes of RBS, Lloyds and Standard Life were all threatening to move south of the border in the event of a no vote, on the grounds that an independent Scotland would be too shaky to operate properly in. But today, investors showed their [...]
Independence referendum: Lloyds, Standard Life and Clydesdale Bank say they’ll quit Scotland if it votes yes September 10, 2014 Lloyds, Standard Life and the Clydesdale Bank are planning to quit Scotland and move their headquarters to London if voters back independence in next week’s referendum, the firms said yesterday. RBS is also planning to move to the City, Treasury sources said. The contingency plans are aimed at reassuring investors they will be able to continue normal [...]
Standard Life share price rockets on £2.2bn deal with Manulife September 4, 2014 Standard Life received a bullish response yesterday from markets and analysts to the sale of its Canadian business for C$4bn (£2.2bn), as shares sky-rocketed and analysts upgraded forecasts after the mega deal. Shares in the huge FTSE 100 listed insurance and investment firm surged by nearly 11 per cent in early trading, before finishing [...]
A subtle shift to a not-so Standard Life – Bottom Line September 4, 2014 FOR ALL the landmarks Standard Life’s sale of its Canadian arm breached yesterday – ending 180 years of doing business in Canada, pushing its market cap past £10bn – the most significant was also its most enigmatic. David Nish’s bumper £1.75bn windfall for investors may have grabbed the attention but a subtle strategic shift was [...]