Summary
Standard Life defended its proposal to cut with-profits payouts, blaming stock market volatility in recent months for the move
STANDARD Life yesterday warned that thousands of savers in its with-profits funds will receive lower payouts than they expected..See the full content of this document
Extract
Standard Life Policyholders Face with-Profit Payout Cuts
The Edinburgh-based life and pensions giant pinned the blame on stock market volatility, with many of its policies losing money in the first half of the year....
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