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Encyclopedia > Standard Life
Standard Life plc
Type Public (LSE: SLET)
Founded 1825
Headquarters Edinburgh, Scotland
Key people Sir Brian Stewart, Chairman
Sandy Crombie, CEO
Industry Insurance
Revenue £15,349 million (2006)
Operating income £810 million (2006)
Net income £395 million (2006)
Employees 8,500 [1]
Website www.standardlife.com

Standard Life (LSE: SLET) is a major employer in Edinburgh, with 8,500 UK employees [2] and over 12,000 worldwide.[citation needed] Image File history File links No higher resolution available. ... A public company usually refers to a company which is permitted to offer its securities (stock, bonds, etc. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... Opening of the Stockton and Darlington Railway 1825 (MDCCCXXV) was a common year starting on Saturday (see link for calendar). ... Edinburgh (() pronounced ; Scottish Gaelic: ) is the capital of Scotland and its second largest city. ... Motto (Latin) No one provokes me with impunity Cha togar mfhearg gun dioladh (Scottish Gaelic) Wha daur meddle wi me?(Scots)1 Anthem (Multiple unofficial anthems) Scotlands location in Europe Capital Edinburgh Largest city Glasgow Official languages English, Gaelic and Scots1 Government Constitutional monarchy  -  Monarch Queen Elizabeth II... A chair or seat is also a seat of office, authority, or dignity, such as the chairperson of a committee, or a professorship at a college or university, or the individual that presides over business proceedings. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... ISO 4217 Code GBP User(s) United Kingdom, Crown Dependencies Inflation 2. ... For the Manfred Mann album, see 2006 (album). ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... ISO 4217 Code GBP User(s) United Kingdom, Crown Dependencies Inflation 2. ... For the Manfred Mann album, see 2006 (album). ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... ISO 4217 Code GBP User(s) United Kingdom, Crown Dependencies Inflation 2. ... For the Manfred Mann album, see 2006 (album). ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on a Web server, usually accessible via the Internet or a LAN. A Web page is a document, typically written in HTML, that is almost always accessible... The Source by Greyworld, in the new LSE building Paternoster Square. ... Edinburgh (() pronounced ; Scottish Gaelic: ) is the capital of Scotland and its second largest city. ...


Standard Life plc acts as a holding company for the areas within Standard Life. Since demutualisation, the company structure is quite complex. [3]


Standard Life has in excess of seven million customers worldwide, with five million in the UK. Of these, 2.6 million are with profits members of the mutual.


On September 15, 2006, the company became a constituent of the FTSE 100 Index. is the 258th day of the year (259th in leap years) in the Gregorian calendar. ... The FTSE 100 Index (pronounced footsie) is a share index of the 100 most highly capitalized companies listed on the London Stock Exchange, begun on January 3, 1984. ...


The Standard Life Assurance Company ("Standard Life") was established in 1825 and the first Standard Life Assurance Company Act was passed by Parliament in 1832. Standard Life was reincorporated as a mutual assurance company in 1925.


The Standard Life group originally operated only through branches or agencies of the mutual company in the United Kingdom and certain other countries. Its Canadian branch was founded in 1833 and its Irish operations in 1838. This largely remained the structure of the group until 1996, when it opened a branch in Frankfurt, Germany with the aim of exporting its UK life assurance and pensions operating model to capitalise on the opportunities presented by EC Directive 92/96/EEC (the “Third Life Directive”) and offer a product range in that market with features which local providers were unable to offer. In the 1990s, the group also sought to diversify its operations into areas which complemented its core life assurance and pensions business, with the intention of positioning itself as a broad range financial services provider.


On 31 May 2006, Standard Life's voting members voted in favour of the Special Resolution for the demutualisation of The Standard Life Assurance Company and the flotation of Standard Life plc on the London Stock Exchange.


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.[1]


Notes

  1. ^ Standard Life to axe 1,000 jobs (The Times)

External links

Coordinates: 55.948312° N 3.207092° W Map of Earth showing lines of latitude (horizontally) and longitude (vertically), Eckert VI projection; large version (pdf, 1. ...


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Standard Life (819 words)
Standard Life, the mutual assurer, has denied reports that it is planning to move its headquarters from Scotland to England in order to avoid any corporation tax that might be imposed by the planned Scottish Parliament.
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Life (International Standard Bible Encyclopedia) :: Bible Tools (3329 words)
The life was represented as abiding in the blood and therefore the blood must not be eaten, or lightly shed upon the ground (Leviticus 17:15; Deuteronomy 12:23).
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Life is promised to those who are faithful (Revelation 2:7); and the crown of life is promised to those who are faithful unto death (Revelation 2:10).
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