There was also a variable element based on the size of policies and how long they had been held, which increased the average payout to £1,475.
When it comes to insurance, remember that it's not just the size of the policy but the language that matters.
The size of the policy response grew too.
All will receive 185 shares, plus an extra allocation based on the size of their policy and how long it has been held.
Entitlements are the drivers of long-term debt; delaying action, the Congressional Budget Office says, "would increase the size of the policy adjustments needed".
The insurer confirmed that most of its 2.4 million eligible pension plan holders and investors would receive a fixed number of shares, plus an extra allocation based on the size of the policy and how long they had held it.
Every member gets a fixed handout of 185 shares, now likely to be worth about £445, and nearly all of them will get an extra allocation based on the size of their policy and how long it has been held.
Mr Crombie said that while the insurer was still devising the structure of its demutualisation, any windfall for members would probably comprise a fixed minimum element, plus a second variable component, which would take account of the size of the policy with Standard Life and the length of time it had been held.
The insurer is still devising the structure of its demutualisation but indicated that any windfall for members would probably comprise a fixed element and a second variable component, which would take account of the size of the policy with Standard Life and the length of time it had been held.
The insurer also confirmed that, providing the plans are approved, most of its 2.4 million eligible pension plan holders and investors will receive a fixed number of shares, plus an extra allocation based on the size of the policy and how long it had been held.
