Windfall for Members As Standard Life Bids to Go Public

The JournalApril 19, 2006

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Summary


Windfalls averaging pounds 1,700 have been dangled in front of members of Standard Life after the life insurer rejected several approaches from rivals.

The Edinburgh firm said 2.4 million policyholders would share in the pounds 4.1bn bonanza if a vote in favour of a stock market listing succeeds and it ends 80 years as a mutual.

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Extract


Windfall for Members As Standard Life Bids to Go Public

Around half of the membership will earn pounds 500 to pounds 1,000 if the proposals are appro...

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