Tag: Standard Life

Over 45s with kids unprepared for retirement

Over 45s with kids unprepared for retirement

People aged between 45 and 64 whose children are still living at home are much less likely to have made financial plans for their retirement than those in households with no children, according to new research. A study by Standard Life revealed that 49 per cent of this age group, with two or more children [...]

November 24, 2011 | 0 Comments More
Cars and jewellery more important than pension

Cars and jewellery more important than pension

Brits prefer driving a nice car to having a financially sound pensions plan, according to new research published this week. A study by Standard Life found 54% of consumers care strongly about their car. This is compared to just 46% who place high value on their pension pot. Women were found to care more about [...]

June 22, 2010 | 0 Comments More
Standard Life posts 30% rise in Q1 sales

Standard Life posts 30% rise in Q1 sales

Edinburgh-based insurer, Standard Life, has today posted a 30% rise in sales for the first quarter of 2010 - far exceeding analysts expectations. The insurer said global sales grew to £4.6 billion in the first three months of the year compared with £3.56 billion in the same period a year ago. Long-term UK savings sales [...]

April 29, 2010 | 0 Comments More
Downsizing for retirement a questionable plan

Downsizing for retirement a questionable plan

The assumption that downsizing from the family home as old age approaches can help fund a comfortable retirement has been challenged by Standard Life. The insurer has recently conducted an “extensive analysis” of the UK property market to calculate how much retirement income downsizing can generate, and is warning those whose retirement dreams are dependent [...]

April 8, 2010 | 0 Comments More
Self-employed fail to save for retirement

Self-employed fail to save for retirement

Self-employed people are failing to put enough money aside for their retirement, Standard Life claimed this week. The pensions provider said half of self-employed people aged 35-44 have saved less than £3,500 towards retirement. This is compared to an average of £73,000 in pensions savings for employed people of that age. “The recession has created [...]

March 23, 2010 | 0 Comments More
Standard Life fined £2.45m

Standard Life fined £2.45m

January 20, 2010 | 0 Comments More
Save nothing and retire at 86

Save nothing and retire at 86

British workers who fail to save for their retirement could end up working until they reach 86 if they want to be paid a decent pension. Research by Standard Life found the real retirement age of people not currently saving for retirement could be between 74 and 86 if they want to retire on two-thirds [...]

September 8, 2009 | 0 Comments More
LV= launches flexible pension plan

LV= launches flexible pension plan

Insurance and pensions group LV= has launched a new pensions plan that can be tailored by customers to meet their individual needs. The Flexible Transitions Account (FTA) has a variety of investment options to suit the needs of different customers. Customers can combine and switch investment options throughout the life of the pension according to [...]

March 4, 2009 | 0 Comments More
Royal & Sun Alliance and Standard Life announce job losses

Royal & Sun Alliance and Standard Life announce job losses

Royal Sun Alliance (RSA), one of the UK’s largest insurers, has confirmed plans to shed 1,200 jobs in the UK by mid-2010. The job losses comes in spite of the insurer announcing a 13% increase in pre-tax profits of £759 million for the full 2008 year. RSA, who has raised its dividend by 10%, said [...]

February 26, 2009 | 0 Comments More
New mortgage deals from Standard Life and Britannia

New mortgage deals from Standard Life and Britannia

Standard Life Bank has cut rates and fees on certain products in its Freestyle range. From today, the rate on its three-year fixed home loan is down to 5.95% for up to 50% loan-to-value (LTV); five-year fixed residential rates are available from 5.99% (up to 75% LTV) and ten-year from 6.19% (up to 75% LTV). [...]

September 18, 2008 | 0 Comments More