Standard Life Shares

EdInvestor

I think there was however a major concession balancing this on the corporation tax front, wasn't there?That's why there was no outcry at the time.

All the fuss about the so called 5bn pension raid ( more like 2bn from what I've heard) only started when it became clear the life and pension funds were in deep doodoo because of the stockmarket falls five years ago.

Anything to divert the blame from the lifeco actuaries and pension fund consultants who are actually to blame.Why did they direct that such a big percentage of pension fund money (typically 75-80%) was invested on the stockmarket, you may ask? Wasn't this risky? It sure was.

The FSA actually had to *force* them to put a reasonable amount of money in safe assets to back their guarantees.Pity they took action so late ( particularly in the Standard Life case, as the management had already blown 80% of our money :mad: )

Stable doors and bolting horses come to mind. :rolleyes:

Chrismaths

I think there was however a major concession balancing this on the corporation tax front, wasn't there?That's why there was no outcry at the time.

Not really. He rejigged ACT (advance corporation tax), but the net amount payable was still 30%.
I've got no complaints about you having a go at life companies, but had the FSA not forced them into 'safe' assets (note - calculate the effect of a 1% yield rise on a 50 year bond currently yielding 4.07% - that's right over 20% capital loss!) in 2003, then most SL policy holders wouldn't be complaining, as they would have made good money. The FSA are constantly trying to fix the problems of 2 years previously, instead of being proactive and working out what future problems might be.

cyprio42

hi
I want to sell my shares. Whats the best way to do this. I have tried to do it on the Computershare site but it keeps saying there is an error. I will phone them on Monday, just wondered if there was another way on the internet

regards

bugbod

I think you can ask Standard Life to do it for you, but I'm guessing that's not such a good idea. I'll just watch your replies:)

EdInvestor

CM

I don't think the FSA could do anything else but act in the SL case - management had already been warned well in advance and given months and months to get it sorted themselves, and appeared to be paralysed with fear.They were also ignoring the new rules on liabilities IIRC.

As we see now there was a 1bn black hole in the WP fund and insolvency loomed. The FSA couldn't really allow a second Equitable to happen could it?

plumb1_2

cyprio42 wrote:

hi
I want to sell my shares. Whats the best way to do this. I have tried to do it on the Computershare site but it keeps saying there is an error. I will phone them on Monday, just wondered if there was another way on the internet

regards

You can make £75 selling you StanardLife Shares http://forums.moneysavingexpert.com/showthread.html?t=91587

ReportInvestor

ReportInvestor wrote:

Broker recommendation [Evolution] on 1st August and 280p target price

And now another "buy" recommendation - This time from ING on Thursday 10th August.

Yahoo Finance

"...ING initiates coverage of Standard Life (LSE: SL.L - news) with a buy rating and 299p target ...."

Yorkshireman_3

If the shares do reach £3.00 wht is the advice -- sell?? Also how old r u report investor ?? ur v knowledgable

bugbod

What effect (if any) will this have?

LONDON (Reuters) - The Gallions Reach Shopping Park in Beckton, east London, was sold to Standard Life Investments by the Hercules Unit Trust and its partners for 192 million pounds, both parties to the deal said on Monday.

EdInvestor

Probably have zero effect on the shares. It appears to be an investment for one of the (very popular) SL property funds.