Summary
STANDARD Life admitted yesterday that it had to improve its capital position further if it is to float successfully on the stock market, after it confirmed resources were only "modestly" higher than last year.
The Edinburgh mutual, reporting on the 12 months of progress since financial regulators cast doubt over its solvency, said the only comparable figure showed its key capital fund up just slightly - from GBP 4.2 billion to GBP 4.45bn.See the full content of this document
Extract
Standard Life Needs to Improve
Standard Life switched GBP 7.5bn of equities into bonds a year ago to shore up the fund, but more recent measures have yet to make much impa...
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