Assurance in Life

A further increase in annual profit has been reported by Standard Life. This has been achieved by cutting costs, like most people and companies have had to, but it is also planning further savings of £75 million over the next two years.

Despite banks and other financial bodies being the worst hit during the recession, Standard Life is optimistic for the future. Furthermore, it is planning to reimburse 97,000 of its customers following a 5% loss in January regarding the Pension Sterling Fund which is a welcome and much overdue offer for those customers who felt they had been mislead about the underlying investments of the fund.

Although the position of the economy is remaining ‘tricky’, Standard Life maintains that it has strong financial characteristics, with a capital surplus of over £3 billion. If this rise is set to continue, Standard Life would be a ‘safe’ company to reflect on with regards to implementing them into a spread betting wager. If you take into account the amount of generic losses in recent months, it is a refreshing change to be able to contemplate on whether or not something is likely to further increase. Bearing in mind the latest fluctuations in the stock market it would be reasonable to assume that there is plenty more scope for opportunity out there. Staying abreast of all business news will enable you to make a more informed decision about how you approach spread betting as well as alerting you to what is worth looking at and what is best to give a wide berth.