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New life

1 Jul 2004 By Chris Hughes

The proposed flotation may be two years away, but that’s not long to reinvent the whole company by allocating capital to better markets. The life insurer s spat with the regulators has had a hugely damaging impact on the core business. The life insurer s public spat with the regulator has damaged its core UK personal pensions business. Annualised sales now match those of rival Legal & General. But this doesn t mean Standard Life should float at L&G s £6bn valuation.

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