Standard Life Shares

kostigovs

I re-registered yesterday with no problems

sabretoothtigger

Ive not seen it myself because I dont hold an actual certificate or qualify otherwise

I presume its lower cost for SL as the burden of supporting millions of tiny share holders is probably quite a significant cost.
Most companies have the majority of their shares held with big insurance companies but SL is 60% private investors apparently.

I know about a dozen people who have 200 shares only, probably tons like that

SL said they will cut any costs possible so I expect its part of that efficiency drive

whu

kostigovs wrote: »

I re-registered yesterday with no problems

Likewise - all you need is your shareholder number and then you register and they will send you an activation number in the post - when you get that you can access all the info you could with Computershare- I am waiting for my activation number as only reregistered yesterday

sabretoothtigger

Whats their dealing costs like, any cheaper?

catz1ct

I wonder if its their own Stockbroker?

sabretoothtigger

Aviva AV. ING Barings Buy 321.25p - - Reiteration 17-Jul-09

Legal & General Group LGEN ING Barings Sell 56.86p 50.00p 36.00p Reiteration 17-Jul-09

Old Mutual OML Merrill Lynch Hold 86.66p - - Reiteration

Nice buy for AV after they came back so nicely too but with no target given, are they already fair value. Not sure why lgen is such a negative

further acquisitions in the insurance sector.

Analysts said they expected a deal to go ahead now that both sides had agreed to talk.

http://www.guardian.co.uk/business/2009/jul/17/friends-provident-resolution-merger-offer

sabretoothtigger

INSURANCE giant Standard Life faces an immediate threat to the jugular vein of its business because commission-based independent financial advisers, on whom it depends, will be phased out by 2012.
Its core life and pensions operations are critically dependent on new business flowing in from commission-driven independent financial advisers (IFAs). But this sales and marketing model faces a massive shake-up with plans recently set out by the Financial Services Authority in its Retail Distribution Review (RDR) released last month.

Standard Life chief executive Sir Sandy Crombie, with retirement looming close, is trying to set the group up for the transformational decade ahead rather than preparing to wind down and clear his desk.

Around 92 per cent of Standard Life's business flows through IFAs. Informal industry estimates reckon that consumer resistance to upfront payment for advice could see up to half of all IFA firms withdrawing from the market over the next three years.

"Bank-owned insurance businesses will probably become less strategically important in the post-crash era." He rates Standard Life as only one of two "buys" in the life sector on the basis of its strong and resilient balance sheet and the low risk to the group's dividend.

http://scotlandonsunday.scotsman.com/business/IFA-shakeup-will-hit-Standard.5451308.jp

sabretoothtigger

Events

Event Date Event Time Event Type Event Title
12/08/09 11:00 Interim ex-dividend date Interim 2009 Ex-dividend date
06/08/09 10:00 Trading statement Q2 2009 Trading statement
05/08/09 10:00 1H (Interims) Interim 2009 Results
05/08/09 10:00 Analyst & Investor Meeting Interim 2009 Analyst meeting / Webcast
05/08/09 10:00 Highlight Standard Life interim results & Q2 trading results

Credit Suisse raises Prudential target to 539p from 494p and cuts RSA Insurance target to 150p from 163p and Standard Life target to 234p from 247p

(LSE: SL.L -news)

sabretoothtigger

Its the detail behind the news which matters more but its no wonder the price fell, its very unimpressive.
Hopefully theres something more positive in some of the finer details

Standard Life swings to a £44m loss

By John O’Doherty
Published: August 5 2009 08:56 | Last updated: August 5 2009 08:56

Falling equity markets pushed Standard Life to a loss in the first six months of the year, although the insurance group raised its interim dividend as it expressed cautious optimism on future cash generation.
Sir Sandy Crombie, chief executive, declined to comment on any progress the group had made in finding a replacement for him when he steps down at an as yet undisclosed time as he revealed the life assurer swung to a pre-tax loss of £44m compared to profit of £15m in the first six months of the year.
EDITOR’S CHOICE

Standard Life statement - Aug-05


L&G fears for pension savings under EU reforms - Aug-04


L&G highlights issues facing assurers - Aug-04


Legal & General halves interim dividend - Aug-04


Record deficit for FTSE 100 pension schemes - Aug-04




“Market conditions have shown some recovery from the lows we saw earlier this year,” said Sir Sandy.
“However the economic environment has remained challenging. Overall, as an asset management business, our revenues will inevitably be impacted by lower financial market levels, nevertheless our focus on efficiency, our strong solvency position and diverse proposition leave us well positioned for both an economic recovery or a continuation of challenging markets.”
Sir Sandy, the architect of Standard Life’s 2006 demutualisation, said the decision about his replacement was a board decision.
“I have put no pressure on the board for any particular timescale and that way they can make the best possible choice,” he said.
According to the European embedded value method of accounting, which aims to represent the value of insurance products over the entire life of the contract, operating profits slid 35 per cent to £348m.
Standard Life’s Financial Groups Directive (FGD) surplus, a measure of capital strength, fell by 6 per cent from the end of December to £3.1bn.
Assets under administration at the end of June were unchanged at £156.5bn, with market movements removing £2.4bn, which was mostly compensated for by net inflows of £2.1bn.
Under the IFRS method of reporting, pre-tax profit fell by 81 per cent from £112m to £21m on revenues from insurance premiums that stayed flat at £1.8bn. Standard Life made a loss per share of 0.9p compared to earnings per share of 7.4p the year before. However, the group raised its interim dividend by 2 per cent to 4.15p.
The decline in profit, on both EEV and IFRS terms has been most dramatic in the UK, where EEV operating profit more than halved from £402m to £178m. This time last year, the UK accounted for 80 per cent of group profit, but now only makes up half.

http://www.ft.com/cms/s/0/f96ef446-8187-11de-9c5e-00144feabdc0.html?nclick_check=1

Foreign earnings are important!



Aviva report on the 6th aug

fp on tues and pru next thurs

sabretoothtigger

Friends Provident and Resolution to put merger offer to shareholders

http://www.ft.com/cms/s/3/21b6bd82-8587-11de-98de-00144feabdc0.html