Unsurprisingly, an overwhelming 98% of Standard Life members have voted “yes” to the insurance company’s demutualisation, with many of them bagging themselves a windfall of more than £1,000 in the process.
The company needed 75% to say yes in order to take the stock market float forward, and the vote in favour was announced today at a special meeting of members.
The next step in the demutualisation process is for the Scottish Courts to approve the move (which is expected to be a formality), and the float is likely to take place in July.