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Standard Life

EDM number 764 in 1999-00, proposed by Andrew Love on 19/05/2000.

That this House supports the unanimous and firmly held view of the Board of Directors of Standard Life that mutuality is in the best interests of the company and its policy holders; recognises that the payouts from mutual insurance companies are higher than for public limited companies and that on average Standard Life's returns to policy holders have, over a long period, being around 9 per cent. higher than equivalent plcs; believes that it is vital that the option of investing in a mutual insurer should remain a vibrant and real choice for the public, and that there is a systemic interest in maintaining a competitive mutual sector for the benefit of all consumers; notes that actual windfall payments to the majority of Standard Life members will be considerably less than the 'average' quoted in the media and by those who wish the company to demutualise; endorses the view that a mutual life company has responsibilities to both current and future members; is concerned that if Standard Life, as the biggest mutual company in Europe, demutualises, then it is likely that, ultimately, a large part of the UK insurance sector will end up being controlled from abroad; and calls upon the carpetbaggers' group to state publicly that they will accept the result of the ballot on the special resolutions that they are moving at the special general meeting on 27th June.

This motion has been signed by a total of 63 MPs.

Andrew Love19/05/2000EdmontonLabour Co-operativeProposed
Nigel Griffiths19/05/2000Edinburgh SouthLabourSigned
Peter Pike19/05/2000BurnleyLabourSigned
Tony McWalter19/05/2000Hemel HempsteadLabour Co-operativeSigned
Doug Naysmith19/05/2000Bristol North WestLabour Co-operativeSigned
Bill O'Brien19/05/2000NormantonLabourSigned
John Butterfill19/05/2000Bournemouth WestConservativeSigned
Ian Davidson19/05/2000Glasgow, PollokLabour Co-operativeSigned
Jim Dobbin19/05/2000Heywood & MiddletonLabour Co-operativeSigned
Andrew Stunell19/05/2000Hazel GroveLiberal DemocratSigned
Alasdair Morgan22/05/2000Galloway & Upper NithsdaleScottish National PartySigned
Jenny Tonge22/05/2000Richmond ParkLiberal DemocratSigned
David Taylor22/05/2000North West LeicestershireLabour Co-operativeSigned
Donald Gorrie22/05/2000Edinburgh WestLiberal DemocratSigned
Norman Godman22/05/2000Greenock & InverclydeLabourSigned
Frank Field22/05/2000BirkenheadLabourSigned
Huw Edwards22/05/2000MonmouthLabourSigned
Paul Keetch22/05/2000HerefordLiberal DemocratSigned
Barry Jones22/05/2000Alyn & DeesideLabourSigned
Bob Russell22/05/2000ColchesterLiberal DemocratSigned
Andrew George23/05/2000St IvesLiberal DemocratSigned
Mark Todd23/05/2000South DerbyshireLabourSigned
Harry Barnes23/05/2000North East DerbyshireLabourSigned
Win Griffiths23/05/2000BridgendLabourSigned
David Drew23/05/2000StroudLabour Co-operativeSigned
Valerie Davey23/05/2000Bristol WestLabourSigned
Jim Cousins23/05/2000Newcastle upon Tyne CentralLabourSigned
Eric Clarke23/05/2000MidlothianLabourSigned
David Clark23/05/2000South ShieldsLabourSigned
Vincent Cable23/05/2000TwickenhamLiberal DemocratSigned
Paul Burstow23/05/2000Sutton & CheamLiberal DemocratSigned
Bill Michie23/05/2000Sheffield, HeeleyLabourSigned
Stephen Ladyman23/05/2000South ThanetLabourSigned
Lynne Jones23/05/2000Birmingham, Selly OakLabourSigned
Jeremy Corbyn23/05/2000Islington NorthLabourSigned
Lindsay Hoyle24/05/2000ChorleyLabourSigned
Nicholas Winterton24/05/2000MacclesfieldConservativeSigned
Ann Winterton24/05/2000CongletonConservativeSigned
Desmond Turner24/05/2000Brighton, KemptownLabourSigned
Mike Hancock24/05/2000Portsmouth SouthLiberal DemocratSigned
Brian Iddon24/05/2000Bolton South EastLabourSigned
Kelvin Hopkins24/05/2000Luton NorthLabourSigned
Syd Rapson24/05/2000Portsmouth NorthLabourSigned
Ken Maginnis25/05/2000Fermanagh & South TyroneUUPSigned
Neil Gerrard25/05/2000WalthamstowLabourSigned
Bill Etherington25/05/2000Sunderland NorthLabourSigned
Clive Efford25/05/2000ElthamLabourSigned
Martin Caton25/05/2000GowerLabourSigned
John McDonnell25/05/2000Hayes & HarlingtonLabourSigned
Eric Illsley25/05/2000Barnsley CentralLabourSigned
Martin Smyth25/05/2000Belfast SouthUUPSigned
Kerry Pollard05/06/2000St AlbansLabourSigned
Ann Cryer05/06/2000KeighleyLabourSigned
Lawrence Cunliffe05/06/2000LeighLabourSigned
Rudi Vis05/06/2000Finchley & Golders GreenLabourSigned
John Swinney06/06/2000North TaysideScottish National PartySigned
Maria Fyfe07/06/2000Glasgow, MaryhillLabourSigned
Lawrie Quinn08/06/2000Scarborough & WhitbyLabourSigned
Edward Davey08/06/2000Kingston & SurbitonLiberal DemocratSigned
Russell Brown14/06/2000DumfriesLabourSigned
Austin Mitchell15/06/2000Great GrimsbyLabourSigned
Alan Simpson21/06/2000Nottingham SouthLabourSigned
David Crausby29/06/2000Bolton North EastLabourSigned

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