Timeline

2010-2001

2010

• A subsidiary of Discovery Holdings Ltd acquired Standard Life Healthcare on 1 August 2010.
• Barclays Bank PLC acquired Standard Life Bank on 1 January 2010.

2009

• Entered into an agreement with Barclays to sell Standard Life Bank, our UK mortgage and savings operation.

2008

• Launch of new discretionary investment management business - Standard Life Wealth

2007

• Winner in the "Arts, Business and Sustainability" category at prestigious Arts and Business Awards
• Special Achievement awards for gaining the 'Investment Provider' and 'Life and Pensions' 5-Star Awards for 12 consecutive years at the annual Financial Adviser Service Awards
• Increase in stake in HDFC Standard Life Insurance Company in India to 26% (maximum holding permitted under Indian regulation)

2006

• New international business - Standard Life International - established in Dublin to provide tax efficient products
• Acquisition of the private medical insurance business of FirstAssist
• Special General Meeting held with overwhelming backing for the company's proposal to demutualise and float on the stock exchange
• Standard Life plc floats on the London Stock Exchange and joins the FTSE 100 index

2005

• Standard Life confirms intention to demutualise and float on the London Stock Exchange
• Disposal of Spanish subsidiary - Prosperity s.a. based in Barcelona
• Heng An Standard Life first joint venture life company to open in Qingdao, China

2004

• Strategic review of business undertaken - key outcome was to pursue demutualisation
• Funds under management exceed £100 billion for first time
• Domestication of Canadian non-participating business to create The Standard Life Assurance Company of Canada

2003

• Heng An Standard Life - joint venture company with Tianjin Economic Development Agency - launched in Tianjin, China

2002

• Hong Kong business - Standard Life Asia - becomes wholly owned subsidiary of Standard Life

2001

• HDFC Standard Life - joint venture with Housing Development Finance Corporation - launched in Mumbai, India

2000-1995

2000

• 175th anniversary - originally founded as Life Insurance Company of Scotland
• Members vote to retain mutual status of Standard Life Assurance Company
• Joint venture company - Standard Life Asia - launched in Hong Kong

1999

• Standard Life Austria begins operations

1998

• Standard Life Investments launched
• Standard Life Assurance Company's Representative Office, Beijing, China, officially opened

1997

• Standard Life Bank formed

1996

• Shanghai office opened
• Branch established in Germany

1995

• Joint venture in India

1994-1973

1994

• Prime Health acquired

1993

• Prosperity SA in Spain acquired

1990

• Standard Life Act of Parliament

1986

• Launch of Unit Trusts

1985

• Over £10bn assets now managed

1979

• Unit linked products launched

1973

• Business in Jamaica transferred to Jamaica Mutual

1966-1925

1966

• Setting up of Insurope, a consortium of SLAC and six European offices

1961

• New Head Office for Canada opened in Sherbrooke Street, Montreal

1960

• Largest mutual in UK

1952

• South African business transferred to the South Africa Life Assurance Company

1950

• Pensions business expands
• Largest life office in Scotland

1941

• London office bombed during the Blitz

1937

• Staff pension scheme established

1934

• Heritable Securities and Mortgage Investment Association

1925

• Mutualisation

1922-1876

1922

• First staff magazine published

1920

• Commence pensions business at a time when occupational schemes were in their infancy

1905

• Bonus passed

1904

• Office opened Barcelona and office built in Cairo

1900

• Office opened Shanghai
  

1895

• Offices opened Port Elizabeth and Johannesburg, South Africa

1892

• Offices opened Christania (Oslo), Norway and Stockholm, Sweden

1890

• Offices opened Brussels and Copenhagen

1888

• Branch opened Montevideo

1877

• India Life Assurance Company acquired

1876

• Bombay branch opened

1869-1822

1869

• First branch office in India opened in Calcutta

1866

• Merger with Colonial Life

1865

• Victoria and Legal and Commercial Assurance Company acquired

1864

• Minerva Life Assurance Company acquired

1854

• Agencies opened in South Africa

1847

• Agencies opened in Madras, Bombay, Uruguay and Shanghai

1846

• Montreal office opened

1845

• Formation of the Colonial Life Assurance Company to aid expansion overseas

1842

• First London Office

1837

• 3 George Street premises bought - occupied in 1839

1834

• Agency opened in Ireland

1833

• Agencies opened in Canada

1832

• Name change to Standard Life Assurance Company

1825

• Life Insurance Company of Scotland founded by the partners in the Insurance Company

1821

• Insurance Company of Scotland founded