Standard Life Pension performance / share price & rating

Linton

Fast_Muchly said:

Lets be honest as you retire you spend more earlier the older you get the less you need as you do little but watch tv with your slippers on .

If you retire with that attitude your pension pot should not be a problem thanks to your early death.  I and many other retirees find that life is pretty busy.  The key difference between that and working is that one actually enjoys the activity.

dunstonh

 I know its a big company it is looking at the  share price which has nose dived and reading internet newspaper journalists columns about SL . 
It hasnt nose dived due to any SL activity.       On the 19th Feb, pre-virus correction, the share price was 333.20.  Just 6 months ago it was 239.30.   That is a very large increase.  So where is this nose dive specific to SL that you are talking about?

Newspaper journalists are not the way to get news about investing.   

Fast_Muchly

Linton said:

Fast_Muchly said:

Lets be honest as you retire you spend more earlier the older you get the less you need as you do little but watch tv with your slippers on .

If you retire with that attitude your pension pot should not be a problem thanks to your early death.  I and many other retirees find that life is pretty busy.  The key difference between that and working is that one actually enjoys the activity.

Oh come on it was a bit tongue in cheek , why so serious on here blimey . Thx for the advice though but really lighten up a bit .But I think you know what I  was getting at blimey . 

Fast_Muchly

dunstonh said:

 I know its a big company it is looking at the  share price which has nose dived and reading internet newspaper journalists columns about SL . 
It hasnt nose dived due to any SL activity.       On the 19th Feb, pre-virus correction, the share price was 333.20.  Just 6 months ago it was 239.30.   That is a very large increase.  So where is this nose dive specific to SL that you are talking about?

Newspaper journalists are not the way to get news about investing.   

There you go since Aberdeen came into this has happened Dunston im not making it up !! . 

Albermarle

As far as I understand it ( and to repeat my first post ) the Standard Life retail pensions arm , although still branded as Standard Life, has been sold to Phoenix ( 18 months ago)  . So all the debate about Standard Life Aberdeen share prices etc is not relevant to the OP's pension anyway.

dunstonh

There you go since Aberdeen came into this has happened Dunston im not making it up !! . 
Thank you for posting why you think there is an issue.  It lets us know what you are misreading.    
1 - Forget the virus drop.  That is impacting on the whole market and not SL specific.
2 - Forget looking back at old data.   Old rises and falls are due to old news and events.   
3 - Some drops are due to market sentiment of the sector and not a company specifically. For example in August 2018, the financial sector as a whole dropped by a large amount.  
4 - SL in 2017 and 2018 is very different to SL in 2019/20.    SL had a large legacy book in 17/18.  It doesn't today.  SL today is focused on investments.  Today, it is a major shareholder in Phoenix.  IN 17/18 it was not.    17/18 it was suffering with issues with the Aberdeen side.  Scottish Widows pulled 100bn of assets out of SLA in 2018.  That issue dragged on for a while and wasnt resolved until 2019 with an arbitration hearing.
5 - SLA has been stripping out non-core assets and has a healthy bank account.  However the dividend is considered unsustainable
6 - The merger of SL and aberdeen was not an initial success and many of the corporate level clients didn't like the merger and withdrew funds (such as SW and SJP).   Mergers tend to result in better outcomes later on as they analyse where they can make savings and learn which way of doing things is better for either side.

Share prices go up and down for all sorts of reasons.   You should not look at legacy issues that have been and gone.

geewhiz

Albermarle said:

As far as I understand it ( and to repeat my first post ) the Standard Life retail pensions arm , although still branded as Standard Life, has been sold to Phoenix ( 18 months ago)  . So all the debate about Standard Life Aberdeen share prices etc is not relevant to the OP's pension anyway.

This is correct, SLA sold all life and pensions business and the staff to Phoenix, they only kept and SIPPs that we’re on the Wrap platform.

Fast_Muchly

geewhiz said:

Albermarle said:

As far as I understand it ( and to repeat my first post ) the Standard Life retail pensions arm , although still branded as Standard Life, has been sold to Phoenix ( 18 months ago)  . So all the debate about Standard Life Aberdeen share prices etc is not relevant to the OP's pension anyway.

This is correct, SLA sold all life and pensions business and the staff to Phoenix, they only kept and SIPPs that we’re on the Wrap platform.

So basically what a few of you are telling me ……...I thought my pension was to do with Standard Life but actually now it isn't even though it says it on all correspondance and logging in online ……….im actually with Pheonix  because ive been sold out . Doesn't seem very fair to me to be honest , don't know how companies get away with this sort of thing .

dunstonh

I thought my pension was to do with Standard Life but actually now it isn't even though it says it on all correspondance and logging in online ……….im actually with Pheonix  because ive been sold out 
Standard Life have been contracted to continue to do all the servicing of the pension and the investments using the same software and staff.   As part of the deal, Standard Life became major shareholders in Phoenix.

 Doesn't seem very fair to me to be honest , don't know how companies get away with this sort of thing .
How is not fair?
Companies merge and buy others all of the time in all walks of life.   All quite normal.