The debate over the demutualisation of Standard Life and its forthcoming IPO continued in this weeke...
The debate over the demutualisation of Standard Life and its forthcoming IPO continued in this weekend’s financial pages. The latest news as reported in most of the weekend’s papers is that Standard Life is expected to bow to turbulent markets and scale back the value of its proposed stock market floatation by about 10%. As reported in the Observer, a 10% fall would result in the average windfall for members dropping from £1,700 to £1,500. An interesting feature in the Telegraph attempted to distinguish the difference between IFAs and tied advisers. Somewhat worryingly, David Elms the chie...
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