Lower commissions likely

Standard Life demutualisation could lead to a change in the way advisers are remunerated

As Standard Life prepares to turn its back on mutuality, it represents the end of an era for the UK life industry. Standard Life announced last month that as it sees itself becoming increasingly capital constrained in years to come and the board is satisfied that, in principle, demutualisation is the best option to address this. Europe"s largest mutual is planning to put forward plans to turn itself into a sizeable quoted financial stock at the policyholders" 2006 annual general meeting. The FSA announced in January that the way Standard Life measures its free capital is to be changed af...