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Standard Life in the 21st Century

2000

  • 175th anniversary - originally founded as Life Insurance Company of Scotland

  • Members vote to retain mutual status of Standard Life Assurance Company

  • Joint venture company - Standard Life Asia - launched in Hong Kong

2001

  • HDFC Standard Life - joint venture with Housing Development Finance Corporation - launched in Mumbai, India

2002

  • Hong Kong business - Standard Life Asia - becomes wholly owned subsidiary of Standard Life

2003

  • Heng An Standard Life - joint venture company with Tianjin Economic Development Agency - launched in Tianjin, China

2004

  • Strategic review of business undertaken - key outcome was to pursue demutualisation

  • Funds under management exceed £100 billion for first time

  • Domestication of Canadian non-participating business to create The Standard Life Assurance Company of Canada

2005

  • Standard Life confirms intention to demutualise and float on the London Stock Exchange

  • Disposal of Spanish subsidiary - Prosperity s.a. based in Barcelona

  • Heng An Standard Life first joint venture life company to open in Qingdao, China

2006

  • New international business - Standard Life International - established in Dublin to provide tax efficient products

  • Acquisition of the private medical insurance business of FirstAssist

  • Special General Meeting held with overwhelming backing for the company's proposal to demutualise and float on the stock exchange

  • Standard Life plc floats on the London Stock Exchange and joins the FTSE 100 index

2007

  • Winner in the "Arts, Business & Sustainability" category at prestigious Arts and Business Awards

  • Special Achievement awards for gaining the ‘Investment Provider’ and ‘Life & Pensions’ 5-Star Awards for 12 consecutive years at the annual Financial Adviser Service Awards

  • Increase in stake in HDFC Standard Life Insurance Company in India to 26% (maximum holding permitted under Indian regulation)

2008

  • Launch of new discretionary investment management business - Standard Life Wealth




© 2006 - 2008 Standard Life

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Standard Life plc, registered in Scotland (SC286832), Standard Life House, 30 Lothian Road, Edinburgh EH1 2DH. Standard Life group includes Standard Life plc and its subsidiaries. Telephone +44 (0)131 225 2552. Calls may be recorded/monitored and call charges may vary.