Friday 2 March 2012

Questor share Tip: grip, Standard Life on UK pension market key for growth

Instead, 50 years, who succeeded Sir Sandy Crombie as CEO of the company last year, will talk about savings and long term investment and blow away the cobwebs in 185 years Scottish institution only mutualised-of in 2006.

Mr. Nish himself has established a clear timetable for doing so and yesterday-show results he made progress, although he himself has admitted that there is still a "much to do."

Other (dare I say it) insurers, Standard Life has its sights set mainly on the British market and hopes to exploit the 1.4 trillion of £ in pensionable pension active he believes are to win in Britain.

Mr. Nish has spent its first year in Office of restructuring of its management team and the launch of new products, such as Lifelens, new package of benefits employee of the group. Standard Life has also disposed of its banking and health care units and made a few bolted acquisitions to strengthen its "basic proposals" - a phrase that Mr. Nish likes to use.

Although it is clearly too early to judge the long-term these changes impact, financial statements of the of the Standard Life were quite strong in 2010.

The Group posted a 5pc 6 increase in profit before tax of 425 m £ paying revenues have increased by 16pc for £ 1 billion. Manager of property of the company, Standard Life investments, also saw assets under management hit a record more than £ 71 enabling the company to increase its total dividend by 6 2pc 13 percent.

Moreover, the Group managed secure transactions to provide services to 182 new British pension schemes, representing 72 000 employees.

It is clearly a solid platform to build and Mr. Nish will want to prove that British companies do not have to build global empires to succeed.

Mr. Nish 2011 will be the year he and his team "execute and deliver", explains their strategy, winning several new companies in mind until December 31, when he says that the group must be ready to reap the benefits. It is because of the planned regulatory changes for 2012, including reforms of the pension which will be automatically enrolled employees to employers pension plan their existing or a new system of personal accounts.

Standard Life believes that more businesses of the United Kingdom will need his services as being more employees pay into pension schemes. The group is currently a leader of the market in this sector. In addition, the implementation of the review of retail distribution will prohibit commission payments to intermediaries. That Standard Life already operates on the paid model of choice, it is expected to steal a March as companies are forced to change their payment models.

Questor recognizes the impact of Mr. Nish changes are likely to have on society and recognizes performance of healthy dividend of 5 3pc, it already provides to investors.

Shares in the company rose by just below 10pc during the past year, the investment to maintain - especially for the number of ranking of the retail investors, the company has - a legacy of its demutualization five years ago.


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