Irish policyholders set for €70m Standard Life windfall

THOUSANDS of Irish policyholders are in line for a €70 million windfall following the decision of Standard Life in Britain to reject several bids and to seek a flotation on the London Stock Exchange.

Up to 95,000 Irish members of Standard Life stand to gain from the Initial Public Offering (IPO).

Overall, about half of the group’s membership is entitled to payments of €725-1,450 each from the biggest mutual player in the European market.