Standard Life Aberdeen Share Discussion Threads

[joshuam] 28/8/2018 07:28

Cancelled a few more, keep going.

[scrwal] 22/8/2018 15:29

B shares transaction will be in the 4th quarter based on the the fact the half year presentation on page 18 makes reference to the £3.3bn insurance business sale is on track to complete by the end of 3rd qtr - therefore until that completes, and all funds clear the bank accounts, only then can the B consolidation proceed.

[meijiman] 22/8/2018 12:55

Yes the bots don't go for a few bottles at lunchtime so on the whole they should perform better

[speedsgh] 22/8/2018 10:25

Standard Life Aberdeen harnesses artificial intelligence to pick stocks -

When human beings falter, try a machine. That seems to be the approach at Standard Life Aberdeen, which is turning to artificial intelligence to run a new investment fund that it hopes will grow into a $10 billion blockbuster...

[pierre oreilly] 22/8/2018 10:08

Same as many shares. Generally a brexit effect imo. If a brexit deal is announced, then the market will move higher.

Remember an individual share price will be a sum of how the market moves, how the sector moves, and then a company specific move for how it's performing. imv.

[chinese investor] 22/8/2018 09:55

Excluding dividends down 17.5% this year.

[stewart64] 22/8/2018 08:21

Back to the 8th August post recovery closing high with dividend factored, except the general Market has corrected 3% down. Momentum with this one.

[mbronco1] 22/8/2018 07:48

The documentation stated the 'B' shares transaction would take place in the 3rd quarter. So I would guess that it will be completed by 30 September, but stated timeframes always tend to slip.

[bennyf] 22/8/2018 07:33

Does anyone know if a date, or estimated date, been given for the issuing of the 'B shares' yet ? I contacted SLA 2 weeks ago and they replied no date had been set

[mavis5] 17/8/2018 11:58

If true, he might just wish to diversify. In my experience the problem with company reward schemes is that you can become over exposed to a single equity.I recently sold part of another holding due to this.

[mcunliffe1] 17/8/2018 09:16

I'm not clued-up enough to be certain but it appears to me that Hugh Young, a director at SLA (on the investment side) has sold a tranche of shares given to him under some reward scheme - £162k worth.

If I'm correct in my assumption that he has sold these what message does that give as to the future direction of the share price?

I'd welcome being corrected on this if I've got it wrong.

[stewart64] 16/8/2018 11:09

Life sector doing well today. After adjustment Standard up 1.8% and the other two ex divis Aviva and Legal and General also up 1.65% and 1.16%. Lloyds also ex dividend recovering 1.5% from the recent rout.

Royal London's excellent results will have helped.

[mcunliffe1] 14/8/2018 23:23

Pierre, Pierre, Pierre,

just when we were getting a decent discussion going with lots of differing views, suggestions, information etc. you have to bring the tone down.

Why?

And, it was I who stated "I often go/went against the crowd". Not with pensions though. It always struck me as a safe form of saving. And of course my use of the often is still valid.

Let's get this back to constructive discussion.

[pierre oreilly] 14/8/2018 22:42

No, my various work was nothing to do with calculating tax.

Still don't undertsand the 2nd sentence - it's not self explanatory to me.

[fenners66] 14/8/2018 22:37

I guess your work did not have anything to do with calculating tax .

the rest is self explanatory as a counter to your "don't let evidence get in the way of your pensions belief."

[pierre oreilly] 14/8/2018 22:35

I guess you did not work in a tax role then...
I can let experience support the reality though.

Sorry, I don't understand that, could you rephrase it please?

[fenners66] 14/8/2018 22:30

I guess you did not work in a tax role then...
I can let experience support the reality though.

[pierre oreilly] 14/8/2018 22:27

fenner, don't let evidence get in the way of your pensions belief.

You are basically working to keep the city boys in Porches and sla shareholders in divis. I suggest you increase your pension contributions!

Whatever you'll manage to extract from your pension over your life, the administrators will have alrady taken about the same amount. (that is as i worked out must be the case all those years ago - i prefered to keep the lot for myself at a cost of some big tax bills for a few years.

[fenners66] 14/8/2018 22:16

PO - you could have of course done both and enjoyed the 40% tax deduction
Sounds like you dont have someone else working on your behalf making up to 40% pa with your money,
the govts 20% ,
your employer's 8%
the govt's contracted out rebate........


Ok so its their gain....

[pierre oreilly] 14/8/2018 22:11

668 fenners, thanks for stating the obvious that buying shares drives the price up (from where it would otherwise be). Good luck explaining that to others on this thread who argue the toss that it doesn't. But then you go and spoil your post saying a sharebuyback isn't a return to shareholders (agreeing with most on here). Does it bother you that an rns states it is, that institutions state it is, that the whole finance industry states that it is? To me, your are stating the equivalent of 2+2 doesn't equal 4.

Anyhow, on to pensions. Someone (can't remember who) recently stated he often went against the crowd and current thinking. But on one of the biggest received wisdoms seems to have gone along with the crowd and took out a personal pension, probably unquestioning of the beneifts or otherwise of doing so. Pensions never made sense to me - even though everyone i ever spoke to assured me they were a must have in order to avoid poverty in old age and also to maximise tax relief. I met no one over many years who agreed with me. I decided to bite the bullet, pay some very high tax bills, and invest for myself in tax free shelters for a future tax free income. To cut a longish story short, the financial situation i found myself in at age 49 meant i realised i could retire and keep myself and my family of five in a very decent lifestyle from the tax free income from what are now isas, so i retired, while everyone feeding their pensions was and is still working away until 65 or later. Pensions is a major area where you shouldn't follow the crowd, imv.

[eipgam] 14/8/2018 17:37

A poor opinion of the state of the SLA flagship fund

[mcunliffe1] 14/8/2018 17:21

Helps when you're a retired software developer with some knowledge of payroll :-)

[fenners66] 14/8/2018 16:43

MCunliffe1

thanks for that comprehensive reply - I am looking at how I can effect a similar regime for my pensions - when I get there and it is useful to see how it works.
I was aware of the HMRC assumption of taxing the pension - interesting to see you have found what appears to be a painless way around it.

[mcunliffe1] 14/8/2018 16:19

fenners66

The W.P. policies were the first my dad sold me (he worked for the Std Life when I was younger before becoming an independant Fin. Ad.).

It would be in the period 1984 - 1988. They carry a 4% guarantee on the fund price. It's net of any charges. It does not affect any terminal bonus which I accept CAN be removed at any time. 4% is worth having these days - and until I'm 75 (I'm 61 now).

I will not crystalise these three policies until I'm 75 when the guarantee expires. As ALL my pension policies are quite old none of them are draw-down friendly. Hence, I did crystalise one of them moving the realised fund value into the Old Mutual fund. This I can draw-down.

I contact the Std Life each time I wish to draw-down. I instruct them to pay me an amount. 25% of that amount MUST come from my "tax-free" part and the remainder from the taxable part.

I've instructed HMRC to issue a tax code to the SLA for me such that I may draw-down an amount less than my personal allowance but of a significant amount nonetheless. I draw-down later in the financial year so the PAYE system doesn't attempt to take tax anyway in the naive belief I will repeat the draw-down each month.

I've figured that in this way I can draw-down an amount each year that minimises my tax burden and in effect transfers the 75% that would have been taxable into, in part, ISA's, Premium Bonds etc etc. I also continue to pay INTO these same policies at the same rate but below the money purchase annual allowance.

This aspect of drawing-down from both the tax-free and the taxable "pots" is not something currently supported by SLA's customer website. A letter or phone call is required - but to be fair they comply.