Summary
IT has been one of the most momentous weeks in Standard Life's 179-year history. The revelation that the massive mutual assurer may stumble into demutualisation - and the sudden departure of its chief executive, Iain Lumsden - has shocked the many people in Scotland whose livelihoods depend on it.
However, knee-jerk responses to such events are never wise. We should not sink into a black mood, believing that it must all spell gloom and doom for Scotland's wider financial services industry.See the full content of this document
Extract
Why Standard Life's Mutual Status Shouldn't Matter
But these explosive events do raise issues that need to be carefully considered. On first reading, it appears that Standard Life had been squeezed into a corner by a regulator keen to flex its muscles ahead of the results of the P...
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