Standard Life

Prudential has poached Jackie Hunt from Standard Life as chief executive for its UK and European business.

Shares in Standard Life were topping the FTSE 100 leaderboard this morning after its latest update showed assets under management(AUM)at its investment business had reached a new record.

REBATE TAX

Standard Life has rejected suggestions the use of preferentially-priced share classes launched by fund groups for specific platforms could breach competition laws.

Bond managers have added to risk assets, while shorts on the yen hit a five-year high after the Bank of Japan (BoJ) announced radical monetary easing measures.

Standard Life Investments (SLI) has closed down six manager of managers funds it had outsourced to Wilshire Associates.

SPECIAL REPORT

Standard Life's wrap platform is to scrap rebates on new and existing business and move to a clean share class only model by the start of the 2014/15 tax year, Investment Week can reveal.

The idea of absolute return investing generates an enormous amount of hot air and vitriolic debate for what is a relatively small amount of money.

David Nish, the chief executive of Standard Life, saw his remuneration hit £5m last year, up from about £2.5m in 2011.