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Standard Life's UK pensions chief steps down

Thu, 26th Jan 2017 11:22

(ShareCast News) - Standard Life pensions and savings chief Paul Matthews will retire from the life insurer after 28 years at the company.Matthews, who will step down from the board at the start of March, will be replaced by Barry O'Dwyer, currently chief executive of Standard Life Assurance, just as the UK pensions industry faces a review of workplace pension pricing later this year.O'Dwyer joined Standard Life in 1988, a year after Matthews, before leaving in 2008 for senior roles with HBOS and then to become Prudential's deputy chief executive for UK and Europe. He rejoined Standard Life in 2013 as boss of the workplace and corporate pensions business and was promoted to his current role last year. Matthews has been in his current role since 2012 and has been on the board since 2015.Chairman Sir Gerry Grimstone praised Matthew's "dedication and commitment" to the FTSE 100 company that he said was "unparalleled".In welcoming O'Dwyer, Grimstone highlighted his "extensive knowledge of the savings market" that the board believe will provide "valuable insight to inform our thinking and ensure customer and client interests remain at the centre of our decision making".Standard Life shares were up 1.5% to 354.9p at 1100 GMT on Thursday.Earlier in the week UBS downgraded its rating on the company driven by analysts' expectation for earnings pressure to emerge in the investments arm, while expressing a positive view on the UK life arm but noting that concerns about margins remain an overhang "compounded by the workplace pension pricing review in 2017 and implications for fee structures of the asset management competition review".
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17 Feb 2017 09:19

Friday broker round-up

(ShareCast News) - AstraZeneca: Jefferies reiterates Buy with a target price of 5250p. BT Group: Jefferies reiterates Hold with a target price of 325p. Standard Life: Macquarie reiterates Outperform with a target price of 450p. Cobham: Goldman Sachs reiterates Sell with a target price of 88p. Dra

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13 Feb 2017 09:29

BROKER RATINGS SUMMARY: Morgan Stanley Raises AB Foods To Overweight

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9 Feb 2017 17:19

Britain's FTSE rises on insurers and banks, mid-cap index has record close

* FTSE 100 up 0.5 pct * Insurance, financials support index higher * FTSE 250 closes at record level * Thomas Cook suffers on cautious outlook * Miners tumble as copper prices turn down (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Mark

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9 Feb 2017 16:07

Sector movers: Financials, insurers pace gains as interest rates rise

(ShareCast News) - Interest rate sensitive stocks such as life insurers and banks recovered some of their poise as government bond yields bounced back from their recent lows. Significantly, traders cited comments from US president Trump during the afternoon saying he would have "something phenomenal

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9 Feb 2017 10:56

Top Thomas Cook shareholder opposes firm over pay plans at AGM

LONDON, Feb 9 (Reuters) - Standard Life Investments, the fund arm of insurer Standard Life, said on Thursday it had voted against the re-election of the board members who set pay at holiday firm Thomas Cook after it disagreed with their plans. SLI, the second-biggest investor in Thomas Cook

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1 Feb 2017 15:11

UPDATE 2-Investor Standard Life seeks change at Sports Direct, Volkswagen

* Has "major concerns" about Sports Direct remuneration policy * VW needs more board independence * WPP has made progress in succession planning * Monitoring BHP compensation plans for Samarco dam disaster (Adds comment from VW, Standard Life on VW bond ownership) By Car

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26 Jan 2017 10:27

Standard Life UK & Europe Pensions & Savings Head To Retire In August

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24 Jan 2017 16:16

Tuesday broker round-up

(ShareCast News) - SSE: Macquarie reiterates outperform with a target price of 1735p. Easyjet: Numis reiterates hold, 1050p target. William Hill: UBS downgrades to sell with a 240p target. Standard Life: UBS downgrades to sell with a 310p target. Beazley: JP Morgan reiterates overweight with a 46

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24 Jan 2017 11:23

MOVES-Standard Life Investments appoints governance director

LONDON, Jan 24 (IFR) - Standard Life Investments, the UK-based investment manager, has appointed Deborah Gilshan as governance and stewardship director to strengthen its ESG investment team. Gilshan will report to Euan Stirling, head of stewardship and ESG (environmental, social and governa

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24 Jan 2017 09:45

UBS downgrades Standard Life due to GARS fund outflows

(ShareCast News) - UBS downgraded Standard Life to 'sell' from 'neutral' and lowered its price target to 310p from 320p on expected earnings pressures from increased outflows from Standard Life Investments. The Swiss bank changed its rating on its expectation that earnings pressure will emerge in 20

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13 Dec 2016 13:12

Tuesday broker round-up

(ShareCast News) - British Land: Barclays reiterates overweight with a target price of 740p. GlaxoSmithKline: UBS reiterates neutral, 1600p target. Reckitt Benckiser: Jefferies reiterates buy with a 7750p target. GB Group: Berenberg reiterates buy with a 340p target. Great Portland Estates: Barcl

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13 Dec 2016 11:19

MOVES-Standard Life hires Struthers as head of investments

By Steve Slater LONDON, Dec 13 (IFR) - Standard Life Investments has hired Archie Struthers from Aberdeen Asset Management to be its head of investments. Struthers will join Standard Life Investments on January 9. He was global head of investment solutions at Aberdeen. Struthers

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13 Dec 2016 11:03

Standard Life Hires Head Of Investments From Aberdeen Asset Management

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13 Dec 2016 10:11

Britain's FTSE edges higher though miners drop

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * FTSE 100 up 0.3 pct * Miners drop ahead of Fed rate decision * Standard Life falls after downgrade By Kit Rees LOND

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