Standard Life to launch charitable trust

Standard Life is set to launch a charitable trust later this year to support its community investmen...

Standard Life is set to launch a charitable trust later this year to support its community investment programmes and continue its approach to corporate responsibility. The Standard Life Charitable trust will be seeded with £5m from the surplus monies remaining from switching the dividend reinvestment plan to the new Scrip dividend scheme, and from Standard Life's unclaimed assets trust. While the dividend reinvestment plan allowed shareholders to automatically invest their cash dividend payments in Standard Life shares through the purchase of shares on the stock market, shareholders par...