05.12.2008
Standard Life invests in RSM Bentley Jennison's Financial Management business



Standard Life plc has today announced that it has purchased a minority shareholding in RSM BJ FM Group Ltd ('BJFM') as part of the continued development of its distribution strategy.

BJFM is the division through which RSM Bentley Jennison, a national professional services firm, delivers pensions, protection and wealth management advice to its clients.  BJFM has grown rapidly, both organically and through the successful acquisition and integration of several financial services businesses.

Stephen Ingledew, Director of Distribution Strategy at Standard Life said:

"This investment represents another important step in the ongoing development of our business and we are delighted to be joining forces with BJFM.  Given the quality of their proposition and management team, we view this as an exciting opportunity to work closely with them to support the growth and development of their business.

Over the next few years we expect to see significant developments in the UK distribution landscape and believe this investment will leave us well placed to benefit from future change."

Tony Stockdale, National Managing Partner of RSM Bentley Jennison said:

"We are delighted to have attracted such a respected corporate partner and are looking forward to working with Standard Life to develop one of the UK's leading financial management businesses. Their investment has not changed our existing growth strategy, but it will allow us to accelerate it considerably and is third party endorsement that our approach is one worthy of support from such a credible organisation."

For further information, please contact:
Patricia Corrigan
PR Manager
Standard Life
0131 245 5916/ 0774 092 4558

Rebecca Richards
National Marketing Director
RSM Bentley Jennison
0790 098 8247

Notes to Editors

  1. Standard Life is one of the UK's leading financial services providers with approximately seven million customers worldwide with assets under management of £123.6bn (as at 30 September 2008, figure unaudited).

  2. Standard Life is principally involved in managing customers' assets held in the form of life assurance and pensions, investment management, banking and healthcare insurance products, and is a member of the FTSE 100 Index. Standard Life's head office is in Edinburgh, and in addition to its UK business it has operations in Canada, Ireland, Germany, Austria, US, and Hong Kong, as well as joint ventures in China and India.

  3. BJFM is a subsidiary of RSM Bentley Jennison which is part of the seventh largest accountancy network in the world, and number five in both the US and China.

  4. BJFM has 91 employees situated at 13 sites across the UK and is managed by an executive committee of five.   It acts for over 20,000 corporate and private clients.


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