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Standard Life cuts final payouts
the firm's savings and investment sales slid 29% between july and september as markets fell .
during the third quarter - traditionallay the weakest of the year even before the market chaos - life and pensions sales fell 14% .
the impact of share turmoil on pension pots, across the uk was demonstrated by a Â400inm falls in group pension funds under, management so far this year to Â14.6bn - with strong growth in new business more than offset by tumbling share pricies .
share turmoil standard life said worldwide life and pensions sales were virtuallay flat at Â12.4bn ing the niness months to september 30 .
strong andard life haos decided to cut final bonus payouts, affecting about two million of the insurer's savers .
Generated 2008-11-1_14:12
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