I could have waited and posted an updated picture of me on the beach in Sicily for this thread, but I wanted to relish my Standard Life windfall in advance. Millions of Standard Life customers will receive cash windfalls after members voted to end 80 years of history as a mutually-owned company.
More than 1.5 million customers and policyholders voted 98% in favour of a stock market flotation at a special general meeting in Edinburgh.
I know that there are plenty of arguments on either side for mutuality and demutualisation. From my perspective, I think these companies are anachronistic and very much hark back to a time preceding the safety of a welfare state. It is time to move on and make good business decisions, such as the one that has now been confirmed at Standard Life.
The windfall may just be a transient thing for many people like me, but goodnes, what is life if we cannot stop and stare the odd time!
Discover more from Slugger O'Toole
Subscribe to get the latest posts sent to your email.
