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Information about Standard Life and how the company is structured.
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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