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| May 08, 2008: Standard Life celebrates its 175th anniversary in Canada... |
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This year marks Standard Life's 175th anniversary in Canada, and to commemorate this event, Standard Life is creating a $1.75 million endowment fund to enhance its current community investment program.
"Standard Life's 175 years in Canada have been marked by important achievements and major contributions to the economic and social fabric of the country," said Joseph Iannicelli, President and Chief Executive Officer. "My colleagues and I are extremely proud to be part of a company that is giving back to the country and to participate in building its future. I strongly believe that we can continue to grow, be an outstanding corporate citizen and contribute to the overall prosperity of our company worldwide." Part of Canadian history Standard Life has an important and unique history in Canada. It was the first life insurance company to transact business in Canada, and from its origins in life insurance in 1833, the company has broadened the scope of its operations to offer a full range of asset-managing services for retirement, investment and protection. Some of Standard Life's key historic moments include providing insurance to fathers of Confederation including Sir John A. Macdonald, contributing to the construction of Canada's railway system and, most importantly, pioneering the creation of pension plans and pension income for Canadians after World War II. Today, Standard Life has grown into a major player in Canada's financial services industry and the global company's largest operation outside the United Kingdom. 175 years and $1.75 million Standard Life is creating a $1.75 million endowment fund to support community initiatives in Canada. Standard Life's head office in Edinburgh, Scotland will provide $1 million and the Company's Canadian employees will raise $750,000 to reach the $1.75 million mark. Further details on the fund will be announced later this year. "We believe we can continue making a difference with the new fund, as we have over the past 25 years with the Standard Life Marathon, which is now known as our Step Up for the Children campaign," added Mr. Iannicelli. "It was created to mark our 150th anniversary in Canada, and Standard Life employees have pulled together over these years to raise more than $6.5 million for pediatric research." A new icon for the 175th anniversary To identify its celebrations in 2008, Standard Life turned to a depiction of an oak tree made up of every-day objects which ties into the Company's mission of providing solutions and services that meet the needs of its customers in all stages of their lives. The ageless oak symbolizes the fact that Standard Life preceded confederation by some 35 years and represents Standard Life's defining characteristics: strength, durability and growth. The icon is accompanied by the signature Standard Life: Part of our lives for 175 years. About Standard Life In 2008, Standard Life, the first life insurance company to transact business in Canada, marks it's 175th year of operations. Standard Life plc is a major international financial services group headquartered in Scotland. It provides asset-managing services for retirement, investment and protection to some seven million customers globally. It has offices in the United Kingdom, Canada, Ireland, Germany, Austria, India and China, including Hong Kong. The Standard Life Assurance Company of Canada is Standard Life plc's largest operation outside the U.K., with 2,000 employees based in Montréal and across Canada, serving more than 1.3 million Canadians, including group insurance and pension plan participants. (www.standardlife.ca) Standard Life plc has approximately 1.5 million shareholders worldwide, including approximately 14,000 institutional and individual shareholders in Canada. It has been trading on the London Stock Exchange since The Standard Life Assurance Company demutualized in 2006. Standard Life plc is listed on the FTSE 100, Europe's largest index, and on the FTSE4Good Index, which identifies companies adhering to globally recognized corporate responsibility standards. (www.standardlife.com) E.&O.E. |
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