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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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27 May 2016 16:29

Friday broker round-up

(ShareCast News) - B&M European Value: Retail Jefferies reiterates buy with a 330p target and Citigroup keeps at buy with a target of 345p. Standard Life: Jefferies stays at buy with a 403p target. United Utilities: JP Morgan reiterates overweight with a target price of 1020p and Exane BNP Paribas

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23 May 2016 07:58

Standard Life says group assets up 2.1 pct in first quarter

LONDON, May 23 (Reuters) - Insurer and asset manager Standard Life said on Monday that total assets under administration rose 2.1 percent to 314 billion pounds ($455.33 billion) during the quarter to end-March, boosted by market and currency moves. Net inflows into the firm's various produc

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23 May 2016 07:42

TOP NEWS: Standard Life First Quarter Assets Under Administration Rise

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18 May 2016 19:36

Financials lead gains as interest rate curves steepen, pound pops higher

(ShareCast News) - Financials led gains in London, over on the Continent and across the Pond too, as interest rate futures continued to progressively - albeit only modestly - price-in a higher probability of a US central bank rate hike in the very near-term, perhaps as soon as the next month. As of

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17 May 2016 17:51

Standard Life faces investor ire over executive pay

* Nearly a quarter of votes cast against pay report * Latest British company criticised over boardroom remuneration * CEO moved to cede some of his long-term bonus * Higher pay partly due to shift away from insurance -chairman By Carolyn Cohn LONDON, May 17 (Reuters)

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17 May 2016 17:16

Regus Joins Standard Life In Facing Shareholder Protest On Pay

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17 May 2016 16:31

Standard Life Backs Remaining In EU, Shareholders Protest Pay

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17 May 2016 15:13

Standard Life shareholders overwhelmingly back pay report

LONDON, May 17 (Reuters) - An overwhelming majority of shareholders in Standard Life have backed the investment group's 2015 remuneration report. At the annual shareholder meeting on Tuesday, 77.69 percent of shareholders voted for the report and 22.31 percent voted against. (Reportin

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17 May 2016 15:12

Dividends Calendar - Week Ahead

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12 May 2016 12:45

Boosted By Asset Management, Standard Life Wins S&P Rating Increase

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12 May 2016 10:28

Market volatility after Brexit would hit L&G, Standard Life-Moody's

LONDON, May 12 (Reuters) - Legal & General and Standard Life are among insurers most exposed to market volatility if there is a vote for Britain to leave the European Union and their solvency levels could suffer, ratings agency Moody's said on Thursday. "We expect to see volatility in finan

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12 May 2016 00:01

Oil refiners, gas producers face higher costs from climate laws - report

By Susanna Twidale LONDON, May 12 (Reuters) - Oil refiners and gas producers could face higher production costs if countries use a high carbon price to follow through promises made at last year's global climate summit in Paris, research showed on Thursday. The landmark Paris Agreement

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10 May 2016 15:09

AGM, EGM Calendar - Week Ahead

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4 May 2016 07:52

Standard Life acquires AXA's Elevate

(ShareCast News) - Standard Life added more than 160,000 new customers and Β£9.8bn of assets under administration on Wednesday, announcing the acquisition of Elevate from AXA UK. The FTSE 100 firm said Elevate - registered as AXA Portfolio Services - would enhance its position as a platform provider

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4 May 2016 06:55

TOP NEWS: Standard Life To Acquire AXA's Elevate Wrap Platform

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