Standard Life to Clarify Reserves Doubts As Bonds Are Suspended

The HeraldJanuary 13, 2004

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Summary


STANDARD Life will today launch a campaign to shore up its reputation with assurances that its financial solvency has been given a clean bill of health by the Financial Services Authority.

However, it may also acknowledge the need to review its mutual structure, to comply with the new "realistic" FSA reporting regime.

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Standard Life to Clarify Reserves Doubts As Bonds Are Suspended

Signs have been emerging in the past few days that the new regime is likely to cramp Standard's current plans to continue rapid growth of the business and to maintain com- petitive pay-o...

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