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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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8 Aug 2016 16:59

India's HDFC Life reaches deal with Max Life to create $10 bln insurer

* Companies agree terms of share swap * Relative valuation of HDFC Life 69 pct, Max Life 31 pct * Deal to create top Indian private life insurer By Devidutta Tripathy MUMBAI, Aug 8 (Reuters) - India's HDFC Standard Life Insurance Co Ltd reached agreement on Monday to take

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8 Aug 2016 13:30

Tuesday preview: Standard Life reports first half interims

(ShareCast News) - Investment giant Standard Life reports its first half interims on Tuesday with analysts pencilling in flat operating profit. UBS expects operating profit of £294m, up 1% compared to the same period a year ago, driven by the Standard Life Investments business. The bank said invest

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21 Jul 2016 08:31

BROKER RATINGS SUMMARY: Credit Suisse Cuts United Utilities To Neutral

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17 Jul 2016 12:22

Sunday share tips: Gulf Keystone Petroleum, Marks & Spencer, Lloyds Banking

(ShareCast News) - Gulf Keystone Petroleum shares could be worth buying, said the Sunday Times' Inside the City column, if shareholders vote to accept a debt restructuring deal that will leave them just 14% of the embattled oil producer. Shares in the Kurdistan-focused company last week dipped below

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11 Jul 2016 09:41

Aberdeen UK property fund set to reopen on Monday

(ShareCast News) - Aberdeen Asset Management expected to reopen its £3.2bn UK property fund on Monday after outflows slowed and some investors opted not to sell, company chief Martin Gilbert said. In an interview with Bloomberg TV Gilbert said "Our intention is to open today as long as investors hav

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6 Jul 2016 20:05

UPDATE 4-Number of UK property funds suspended since Brexit vote doubles

* Henderson, Threadneedle, Canada Life funds suspended * Follow M&G, Standard Life Investments, Aviva Investors * Financial service complaints body says 'troubled' * GRAPHIC - Major UK property funds http://reut.rs/29ig4Lf (Adds temporary suspension by Aberdeen Asset Managemen

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6 Jul 2016 16:31

Three more property funds titans freeze redemptions

(ShareCast News) - Henderson Global Investors, Canada Life and Columbia Threadneedle have joined the queue of property funds suspending trading amid acute Brexit fears, lining up behind Aviva, M&G and Standard Life. "Over half of the property fund sector is now on ice, and will remain so until manag

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6 Jul 2016 15:00

TOP NEWS: Henderson Is Latest To Suspend Property Fund Trading

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6 Jul 2016 14:36

UK financial services complaints body "troubled" by funds suspensions

LONDON, July 6 (Reuters) - Britain's financial services complaints body said on Wednesday the suspension of three property funds this week was "quite troubling" and consumers were already getting in touch with it. The three UK funds faced a wave of investors asking for their money back as u

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5 Jul 2016 20:25

WRAPUP 6-May leads three-horse PM race as Brexit hits pound and property

(Adds candidate Crabb withdrawing) * May and Leadsom lead in first ballot of Conservative MPs * Justice minister Gove still in contention * Process lasts till September, economic worries pressing * Pound hits new 31-year low * Three property funds suspend trading

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5 Jul 2016 18:29

Prudential's M&G Becomes Third Firm To Suspend Property Fund Trading

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5 Jul 2016 17:05

UPDATE 2-Bank of England takes steps as Brexit risks appear, pound falls

* BoE gives banks more room to lend * More time for insurers to adjust to EU rules * Sterling renews fall after fund closures * Banks says strong on capital, liquidity - Osborne (Adds suspension of M&G real estate fund, updates market prices) By David Milliken and Huw Jo

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5 Jul 2016 16:28

UPDATE 3-Three UK property funds halt trade in first sign of post-Brexit seize-up

* REITs, housebuilders, asset managers, insurers all hit * Follows decision by three funds to stop investors leaving * BoE flags concerns; investors fear crisis re-run (Adds more detail on fund performance, bank holdings, background, updates shares) By Simon Jessop, Vikram Sub

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5 Jul 2016 16:18

UPDATE 5-Sterling slides to new 31-year low on Brexit worries

(Updates with fresh lows, M&G property fund freeze) By Jemima Kelly and Anirban Nag LONDON, July 5 (Reuters) - Sterling slumped 2 percent to hit a 31-year low against the dollar and a 2-1/2-year trough against the euro on Tuesday as investors worried about the economic and financial f

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5 Jul 2016 16:01

LONDON MARKET CLOSE: Shares Mixed As Pound Falls To Near USD1.30

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