Standard Life Shares

Yorkshireman_3

Buddy195 wrote: »

My god I bet he's regretting it now lol.
But if he'd have got the floatation shares like myself he got something for nothing. But with a bit of commen sense would have known to hold. Not sure how much longer I'll hold my SL shares, as think they're a good long term investment, but could well need their value to make life changing moves! :rolleyes:

If you need to make life changing moves

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go for it - im into SL for short term with a few shares and long term with alot more - but if it ment life changing :d then i would sell also my only personal advice is -- wait just a little longer hehehehe GL:beer:

mustchat

Are they trying to hide something from us?
Just been checking the financial reports prior to filling the AGM voting form and in particular the directors remuneration report (I usually vote against the greedy fat cats). It's now on-line only and split up, hidden and made practically unintelligable.

I'll still be voting against receiving their remuneration report.

sabretoothtigger

Online would be cheaper then receiving postal forms, reducing costs and all that which is what we like to hear.
They have some initiative thats going to cut 100m a year apparently, maybe its part of that.
Im still trying to find out how people who dont hold with compuserve can vote, etc

I emailed them, quick responce but not with the right answer

[EMAIL="shareholders@standardlife.com"]shareholders@standardlife.com[/EMAIL]


fat cats who do manage the business right are fine by me mostly. A few wage packets doesnt compare to screwing up costs and assets of the entire business




There is 30/04/09 05:00 Trading statement Q1 2009 Trading statement & Interim Management Statement
thursday next week
http://www.investorresearch.mdgms.com/factsheet/factsheet.html?ID_COMPANY=432962

baby_boomer wrote: »

Good news from the Telegraph Stt

I'm a tad concerned for Standard's SIPP business, where they are a major player and have invested heavily, should the Chancellor abolish higher rate tax relief on pension contributions come Wednesday.

MSE thread - End of 40% tax relief on pensions?

Thats a sector wide issue

Buddy195

Yorkshireman wrote: »

If you need to make life changing moves

---

go for it - im into SL for short term with a few shares and long term with alot more - but if it ment life changing :d then i would sell also my only personal advice is -- wait just a little longer hehehehe GL:beer:

We're waiting for news on our life changing move, hopefully December this year we're off to Aus. Have somehow managed to gain the price of the flights through trading since January. Took a punt on Barclays and a few others and now investment has gone up an awful lot :eek:. Not really sure how I managed it, have taken most of initial investment out so if it goes belly up haven't lost anything. But so many fish to fry could do with putting it back in but not going to lol :rolleyes:

StevieJ

baby_boomer wrote: »

Good news from the Telegraph Stt

I'm a tad concerned for Standard's SIPP business, where they are a major player and have invested heavily, should the Chancellor abolish higher rate tax relief on pension contributions come Wednesday.

MSE thread - End of 40% tax relief on pensions?

Very good point.

StevieJ

glennhalstead wrote: »

Hi folks, My first post here and I'm not too finance savy so please be gentle :-)

I recently changed companies and my pension moved to Standard Life - hence I've received an offer from them to allow me to buy shares at the forthcoming floatation at a 5% discount.

I've never bought shares before but I'm thinking of investing £4000.00 as it always seems that the share price immediatly rises wiht these large floatations.

I'm looking to make a fairly quick profit rather than a long term investment as this is cash I have earmarked for a replacement car but we don't need it urgently.

Does anyone have any advice?

I've see that the stock market has been a little bit troubled in recent weeks.

many thanks

Glenn

This must be a record thread for a first post :T I wonder if you know it is still going after 3 years

sabretoothtigger

baby_boomer wrote: »

Good news from the Telegraph Stt

I'm a tad concerned for Standard's SIPP business, where they are a major player and have invested heavily, should the Chancellor abolish higher rate tax relief on pension contributions come Wednesday.

MSE thread - End of 40% tax relief on pensions?

Apparently people agree with you on this one

Broker tips: Insurers, housebuilders, BSkyB

Traders are getting twitchy over insurers ahead of tomorrow’s Budget speech in which the Chancellor of the Exchequer is expected to scrap higher rate tax relief on pension contributions.

Such a move, if implemented, would “reduce the attractiveness of pensions versus non-pension savings and therefore affect the flow of money into the UK pensions industry in favour of more conventional bank / asset management products, de-leveraging or spending,” reckons US broking firm Merrill Lynch.

The broker’s analyst, Blair Stewart, has identified St. James’s Place, Standard Life and Old Mutual as the companies most likely to suffer from a tax claw-back on pensions.

“Aviva, Legal & General and Friends Provident would also be affected although we suspect these companies have less exposure to higher rate taxpayers. Prudential writes very little pensions business in the UK,” Stewart notes.

sabretoothtigger

Prudential got downgraded, may not be important to SL but they are twice the size and it moves the sector in general I guess.
I said their US business was bad news, lucky guess :laugh:

Prudential suffered a further blow in the form of a ratings downgrade from Morgan Stanley, owing to problems at the Pru’s US life business, Jackson National Life.

iii is tipping L&G for the future based on their dividend returning to form in future possibly. Apparently they are dependant on share returns where as SL is not (so much) afaik

cheesy video on the link - http://www.iii.co.uk/go?c=zdq48x&nl=91

Thats the second time they've tipped insurance companies, pru was last

baby_boomer

baby_boomer wrote: »

Good news from the Telegraph Stt

I'm a tad concerned for Standard's SIPP business, where they are a major player and have invested heavily, should the Chancellor abolish higher rate tax relief on pension contributions come Wednesday.

MSE thread - End of 40% tax relief on pensions?

MSE is the place to be. You got this well in advance of any broker downgrades .

So just in case you didn't sell.

The future on the issue is mixed. The Chancellor has now limited tax relief on contributions from income of £150K+ - so I'll be still paying into my SIPP .

From a negative persepctive on SL you could say that it opens the door to future moves since the principle of full tax relief on pensions has been breached and it will lower the rate of growth in what was a rapidly expanding area of business.

On the other hand do we think that a future Conservative government will drive through the open door .

Then again, if the public finances are much more dire than Darling admits, then anything's possible .

The shares - up 6p today at 185 - seemed relieved by the news.

StevieJ

Glad I flogged Aviva and Lgen last Friday (still hold SL):beer: