|Traded as||LSE: SL.|
|Headquarters||Edinburgh, Scotland, UK|
|Key people||David Nish, CEO
Gerry Grimstone, Chairman
Keith Skeoch, CEO Standard Life Investments and Jackie Hunt, Group Finance Director
|Revenue||£19,185 million (2012)|
|Operating income||£996 million (2012)|
|Net income||£727 million (2012)|
Standard Life plc is a long term savings and investment business, with headquarters in Edinburgh and operations across the globe. It has 1.5 million shareholders in more than 50 countries and over 6 million customers.
The Standard Life Assurance Company was established in 1825 and was reincorporated as a mutual assurance company in 1925.
The company sold Standard Life Bank plc to Barclays plc in January 2010 and then acquired the remaining 75 per cent stake in Threesixty, a financial advisory support business, that it did not already own for an undisclosed sum in March 2010.
In February 2013, the company announced that it had acquired the private client division of Newton Management Limited, a UK wealth management unit of BNY Mellon, in a deal worth up to £83.5 million. 
Standard Life is a long-term savings and investment business, headquartered in Edinburgh, and with operations across the globe. It employs around 9,000 people worldwide, and has over six million customers
Standard Life has major operations in Europe, Canada and Asia, as well as two joint venture insurance businesses, HDFC Life in India and Heng An Standard Life in China. Its investments business, Standard Life Investments, provides fund management expertise for the rest of the Group. In the UK, in addition to its main business, it also owns three subsidiary businesses: Focus Solutions, a software and consultancy business, threesixty, a services provider and Vebnet, a software and services provider.
Standard Life has a primary listing on the London Stock Exchange, and has 1.5 million shareholders in more than 50 countries. It is also listed in a number of the Dow Jones Sustainability Indexes (DJSI), including the DJSI World, which ranks the world's leading sustainability-driven publicly listed companies.
The largest part of the group is its UK business, employing around 6,000 people in Edinburgh. It also has offices in London and satellite offices around the country. The second largest part of the group is Standard Life Assurance of Canada, which employs over 2,000 people.
The company’s board of directors is made up of a Chairman, three Executive Directors and eight non-Executive Directors. The board has eight men and four women. Details of the Chairman and Executive Directors include:
- Gerry Grimstone (Chairman) appointed in May 2007
- David Nish (Chief Executive) appointed in January 2010
- Jackie Hunt (Chief Finance Officer), appointed in May 2010
- Keith Skeoch (Chief Executive, Standard Life Investments) appointed May 2006
Details of the non-Executive Directors are:
- Colin Buchan, appointed in January 2008
- Pierre Danon, appointed in October 2011
- Crawford Gillies, appointed in January 2007
- David Grigson, appointed in November 2009
- Noel Harwerth, appointed in July 2012
- John Paynter, appointed in January 2012
- Lynne Peacock, appointed in April 2012
- Sheelagh Whittaker, appointed in September 2009
In January 2006, Standard Life were accused of smearing a policy-holder, Michael Hogan, who was not happy with the way the company was being run. An e-mail sent to Standard Life executives and advisors (which was disclosed under the Data Protection Act) revealed an attempt to discredit him.
In January 2007, the head of Standard Life's life and pensions business, Trevor Matthews, used the phrase "nigger in the woodpile" while giving a presentation at one of the company's Edinburgh offices. After issuing an apology, Mr Matthews remained in his job and no disciplinary action was taken.
In March 2007 the company announced it would cut 1,000 jobs in an attempt to save an additional £100 million per year in costs. One month later it was highlighted in the company's annual report that three of Standard Life's top executives (Sandy Crombie, Keith Skeoch and Trevor Matthews) were awarded more than £5 million in pay.[dead link] A Standard Life spokesman defended the awards, citing the leadership's efforts in turning round the company's fortunes.[dead link]
In May 2007, Standard Life sent some policy documents out to the wrong customers. Around 300 people had their personal and financial details made public, causing fears of identity theft.[dead link] The company pledged to step up security procedures after the error. No action was taken by the FSA.
- "Preliminary Results 2012" (PDF). Retrieved 19 March 2013.
- "Standard Life - BigAmbition Scotland - Your Digital Career Starts Here". BigAmbition Scotland. 2011-10-18. Retrieved 2013-04-04.
- Standard Life: About us
- Standard Life history: One of the first Empire builders The Scotsman, 2 September 2010
- Standard Life policyholders rush to cash in on flotation The Guardian, 24 September 2006
- Barclays buys Standard Life Bank for £226m Daily Telegraph, 26 October 2009
- Standard Life takes full control of Threesixty The Scotsman, 15 March 2010
- Standard Life sells healthcare division BBC News, 11 May 2010
- Standard Life buys Focus for £42m BBC News, 7 December 2010
- Nicole Blackmore (27 February 2013). "Standard Life Wealth acquires Newton's private client division". Fundweb.
- "Standard Life PLC (SL.L) Company Profile". Reuters.com. Retrieved 2013-04-04.
- Sullivan, Nicola (2010-12-08). "Standard Life acquires Focus Solutions to enhance corporate wrap | News". Employee Benefits. Retrieved 2013-04-04.
- "STANDARD LIFE PLC ORD 10P Share Price - Shares". London Stock Exchange. 2006-07-10. Retrieved 2013-04-04.
- "Standard Life plc Joins Top 10% of Companies in the World - EDINBURGH, Scotland, October 24, 2011 /PRNewswire/". Prnewswire.com. 2011-10-24. Retrieved 2013-04-04.
- Submission to Scottish Parliament
- "Standard Life Annuities - Compare Annuities Online". Confused.com. Retrieved 2013-04-04.
- "Standard Life in Canada". Jobboom.com. Retrieved 2013-04-04.
- "Standard Life PLC, SL.:LSE company performance - FT.com". Markets.ft.com. Retrieved 2013-04-04.
- Richard Dyson, Mail on Sunday29 January 2006, 12:00 am (29 January 2006). "Is Standard Life fighting fair?". Thisismoney.co.uk. Retrieved 19 April 2011.
- Hardie, Alison. "Standard Life boss says 'I'm so sorry' over racist remark". Thescotsman.scotsman.com. Retrieved 19 April 2011.
- Standard Life in bid to axe 1,000 jobs Evening Times, 23 March 2007
- "Fury at £5m for Standard Life bosses". Edinburghnews.scotsman.com. Retrieved 19 April 2011.
- "Identity theft fears after SL letters blunder". Edinburghnews.scotsman.com. Retrieved 19 April 2011.