Standard Life buoyed by Canadian disposal

Standard Life's decision to sell its Canadian business will create a more fee-focused business and support a hefty return of capital

September 5, 2014

by John Adams

What's new

■ Canadian business being sold

■ Big capital return planned

■ Exposure to fee-based business rises

IC TIP: Buy at 413p

Standard Life's (SL.) decision to sell its Canadian operation to local life assurer Manulife (CA: MFC) was certainly well received. The shares jumped 8 per cent on the day of the announcement, and it's hard to find a sector analyst who doesn't extol the virtues of the move.

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