Summary
Longsuffering Standard Life endowment policyholders will be shaken but probably not overly surprised by the latest news to emerge from Europe's largest mutual insurer. After all, they have had to get used to a succession of bad-news announcements.
For the sceptical observer who sat through last year's Standard Life annual meeting, it has a slight air of inevitability about it. Despite the pronouncements last year that the promise to top up under-performing investments would stay, it has now been sacrificed on the altar of stock market flotation preparation.See the full content of this document
Extract
Broken Promises Are Sadly Standard with This Firm
Paul Braithwaite, the life assurance campaigner will speak for many when he describes it as "a bitter blow"...
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