Sell Standard Life Shares

Should I Sell Standard Life Shares?
Most people will make up their mind whether to sell their shares or whether to hold on to them based on their financial circumstances and their reading of the stock market. However, there is no substitute for advice from a stockbroker. Of course you have to pay extra for advice over and above the normal execution only service.

Standard Life have put in place a share dealing service. However you may want to arrange an alternative online share dealing service which may be cheaper. Some people who have held onto their demutualisation shares in other companies (eg Northern Rock) have seen a decent increase in share value over the years. However Norwich Union (now Aviva) has only increased by about 20% in total over a number of years.

Standard Life shares reached a levelmore than 40% above their initial offer price. Prices have steadily climbed to over the 340p mark, although with current stock market volatility, the price has fluctuated a lot, moving back to 290p in late July. The standard life share price has reached a low of 270p with the jitters surrounding Northern Rock.

For those who opted to receive a share certificate and then sell later, a number of companies provide online execution only trading. Amongst the best deals for execution only sales are from Halifax, Barclays and TD Waterhouse at around £10 -£13 per deal.

It is predicted that having obtained their shares, some policy holders may feel it best to cash in their policies following demutualisation, on the suspicion that bonuses may diminish to pay for shareholder dividends. Most policies will achieve up to 10% more if you sell the policy rather than cash in with Standard Life..

NOTE: This website is for information only and is not intended to give advice. You should check out the information with Standard Life, a Stockbroker or your IFA.