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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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5 Jul 2016 14:16

Standard Life Investments Property Notes Independence From Open Fund

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5 Jul 2016 12:20

PRESS: Aviva Investors Suspends Property Fund Redemptions - FT

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5 Jul 2016 11:27

Bank of England eases rules for banks to meet Brexit challenge

* BoE reverses capital buffer decision of March * Carney says move represents "major change" * More time for insurers to adjust to EU rules * Osborne to meet bank CEOs on Tuesday * Signs of UK economic weakness after Brexit vote (Adds Carney comment, background) By

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5 Jul 2016 10:02

UPDATE 1-Bank of England eases rules for banks to meet Brexit challenge

(Adds market reaction, background) By David Milliken and Huw Jones LONDON, July 5 (Reuters) - The Bank of England took steps on Tuesday to ensure British banks keep lending and insurers do not dump corporate bonds in the "challenging" period that is likely to follow the country's vote

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5 Jul 2016 09:34

WINNERS & LOSERS SUMMARY: Consumer And Property Stocks Downgraded

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5 Jul 2016 09:30

UPDATE 2-Sterling skids to new 31-year low on Brexit fallout worries

By Jemima Kelly LONDON, July 5 (Reuters) - Sterling hit a fresh 31-year low against the dollar in risk-averse markets on Tuesday, as investors worried about the economic and financial fallout of Britain's vote to leave the European Union. The pound, the asset that has borne the brunt

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5 Jul 2016 09:12

Standard Life suspends trading of property fund after Brexit

(ShareCast News) - Standard Life Investments has suspended trading in its UK property fund after uncertainty surrounding markets in Britain after the country voted to leave the European Union last month. UK vote to leave EU led to volatile markets and international companies looking elsewhereThe sus

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5 Jul 2016 08:39

BROKER RATINGS SUMMARY: Jefferies And Liberum Downgrade UK Retailers

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5 Jul 2016 08:13

Sterling skids back towards 31-year low on Brexit fallout worries

By Jemima Kelly LONDON, July 5 (Reuters) - Sterling hit a 2-1/2-year low against the euro and traded less than a quarter-cent above a 31-year low against the dollar in risk-averse markets on Tuesday, as investors worried about the economic and financial fallout of Britain's vote to leave th

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5 Jul 2016 08:06

BUZZ-UK property companies fall on more signs of post-Brexit stress

** UK property companies and housebuilders fall after an asset write-down and suspension of a leading property fund cause concern ** Standard Life Investments has suspended trading in its unlisted UK real estate fund (one the country's largest) after previously writing down its value by 5 p

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5 Jul 2016 05:43

PRESS: Standard Life Forced To Halt UK Property Fund Redemptions - FT

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4 Jul 2016 21:48

WRAPUP 4-Exit stage right: UKIP leader Farage announces surprise departure

* Farage, face of opposition to EU, steps down as UKIP boss * Two more Conservatives launch bids to become PM * Andrea Leadsom gets backing of Boris Johnson to be PM * Law firm starts action to demand Parliament say on Brexit * Labour deputy leader to hold emergency talks

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30 Jun 2016 13:37

Property funds try to protect themselves against Brexit fallout

* M&G, Standard Life Investments, Henderson all act * Some lower fund value, others move to weekly pricing * Broader market redemption pressure seen modest By Simon Jessop LONDON, June 30 (Reuters) - Some of Britain's biggest property funds have cut the estimated value of

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29 Jun 2016 18:09

Wednesday broker round-up

(ShareCast News) - Petrofac: Jefferies upgrades to buy with a target price of 835p and Societe Generale stays at buy with a target price of 921p. Thomas Cook: JP Morgan keeps at neutral with a 101p target. Standard Life: HSBC keeps at buy with a target price of 360p and Barclays reiterates equal-we

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29 Jun 2016 13:06

PRESS: Qatar Airways Reportedly Considers Increasing Stake In IAG

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