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The
modern company that is Standard Life has lived through quite a few
changes since we sold our first policy in 1825.
The
company expanded in the 19th Century from its original Edinburgh
premises, opening offices in other towns and acquiring other similar
businesses.
Our
continued performance and growth record speaks for itself. Standard
Life currently has assets under management of over £70 billion –
greater than the market value of British Airways, Tesco, Marks &
Spencer, Boots and Cadbury-Schweppes put together. In recognition
of our financial strength, we have been given an "AAA"
rating – the highest possible – by independent financial
analysts Standard & Poor's, for each of the past 6 years.
In
1925, Standard Life became a mutual company, managed and controlled
by its members for "mutual" benefit, with all profits
being available to be distributed to its with-profits policyholders
in the form of bonuses. To this day, there have been no shareholders
and we firmly believe that mutuality still offers the best possible
return for our investors.
Standard
Life, although this year, 175 years old, is today a thoroughly modern,
multinational company employing more than 9,000 people in the UK
alone.
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