Standard Life plc (LSE: SL.) is a long term savings and investment business, with headquarters in Edinburgh and operations across the globe. It has 1.5 million shareholders in more than 50 countries and over 6 million customers. Standard Life provides pensions, long term savings and investment management products. Standard Life’s assets under administration at 30 June 2010 were £179 billion.
The Standard Life Group has around 10,000 employees across the UK, Canada, Ireland, Hong Kong and the USA, with representative offices in Germany, France, South Korea and Australia and China. Standard Life Investments also operates in India through a joint venture, HDFC AMC.
The Standard Life Assurance Company ("Standard Life") was established in 1825 and the first Standard Life Assurance Company Act was passed by Parliament in 1832.
The company was reincorporated as a mutual assurance company in 1925. It originally operated through branches or agencies of the mutual company in the United Kingdom and a number of other countries including Canada and Ireland.
The Canadian division of Standard Life was founded in 1833 and Irish operations in 1838. This largely remained the structure of the group until 1996, when it opened a new division in Frankfurt, Germany.
On 10 July 2006, after 80 years as a mutual company, Standard Life Assurance Company demutualised and Standard Life plc was listed on the London Stock Exchange. Standard Life now has approximately 1.5 million individual shareholders in over 50 countries around the world.