I posted some details about Standard Life’s floatation yesterday, and there are some more interesting points being made at The Scotsman. In particular, they reckon that thousands of divorcees could miss out on a windfall.
I guess the main questions people will ask is “will I qualify”?
To get a windfall, you must have a with-profits policy which is active or matures after the cut-off date, expected to coincide with the board’s announcement at the end of this month that it is full steam ahead to the flotation. To qualify for shares, the policy must have been started before March 31, 2004.