Standard Life

  www.standardlife.com
  www.standardlife.com
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Standard Life Reviews

Updated September 9, 2014
Updated September 9, 2014
47 Reviews
3.4
47 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Standard Life CEO David Nish
David Nish
23 Ratings

Employee Reviews

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  1.  

    Very nice place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Trainee Actuary
    Former Employee - Trainee Actuary

    I worked at Standard Life full-time for more than a year

    Pros

    Its in the middle of the city center so you get to see the Edinburgh castle all the time and have access to the city easily.
    The people in the company are really nice and opportunities are available for improvement in your skills and knowledge

    Cons

    Not a lot I can think of. Except the cafeteria food is quite expensive and there tends to be company "rearranging" which sometimes end with people losing their jobs.

    Recommends
    No opinion of CEO
  2.  

    Worked with fantastic people whilst the company was systematically being stripped of it's assets by Senior management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Can't Say  in  Edinburgh, Scotland (UK)
    Former Employee - Can't Say in Edinburgh, Scotland (UK)

    I worked at Standard Life full-time for more than 10 years

    Pros

    Working with the skilled and dedicated staff, who fought to be successful despite senior management drive to outsourcing. Central locations.

    Cons

    The incredibly poor treatment of the IT staff. Standard Life used to have one of the most respected IT teams within the financial services industry. This has been replaced with an outsourced IT structure whet the remaining internal staff are used as support for the outsourced work. It's absolutely no surprise that most of the experienced staff took redundancy at the last purge, loosing literally thousands of years of experience of the internal systems.

    Advice to ManagementAdvice

    Standard Life relies on information technology, without the data and the systems to manage the customers information effectively you will loose the respect you have in the marketplace. Putting short gain profit against long term growth is a false economy. It may be good for the shareholders but it is not good for for the staff and is definitely a poor result for your customers.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Great employer to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Regional Sales Manager  in  Dubai (United Arab Emirates)
    Current Employee - Regional Sales Manager in Dubai (United Arab Emirates)

    I have been working at Standard Life full-time for more than a year

    Pros

    work-life balance, empowering employees with knowledge & skills

    Cons

    Bureaucratic mindset, risk averse, slow to adapt

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Good workplace environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Quantitative Analyst  in  Edinburgh, Scotland (UK)
    Former Employee - Quantitative Analyst in Edinburgh, Scotland (UK)

    I worked at Standard Life full-time for more than a year

    Pros

    Secure job, nice workplace environment.

    Cons

    Nothing to complain about except that there could be better drinks machines?!

    Advice to ManagementAdvice

    Nothing to add - management was fine

    Recommends
    Positive Outlook
    No opinion of CEO
  6.  

    Excellent Company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Standard Life for more than 10 years

    Pros

    Competitive salary, pension scheme, bonuses, excellent senior management, informal work environment. Genuinely promote good work-life balance. Treat staff with respect. A strong culture of fairness.

    Cons

    Very little to complain about. Perhaps in some areas of the company promotion prospects can be a little limited. would highly recommend SL Ireland to anyone

    Advice to ManagementAdvice

    It's a tough and competitive market environment but SL are superbly positioned to grow and get stronger.

    Recommends
    Positive Outlook
  7.  

    Peaceful, challenging, nice experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Software Developer  in  Edinburgh, Scotland (UK)
    Former Employee - Senior Software Developer in Edinburgh, Scotland (UK)

    I worked at Standard Life full-time for more than 5 years

    Pros

    Not much pressure like we have in investment banking
    Working environment is good.
    Challenging work depending on which project you are in.
    Career progression good.

    Cons

    Salary is less as compare to the market standards.
    Sometimes work is less challenging, so you need to be careful to take the correct opportunity.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Great company but your face has to fit!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous
    Former Employee - Anonymous

    I worked at Standard Life

    Pros

    Excellent benefits package and fantastic people.

    Cons

    Endless restructuring which left team unmanaged and direction less for months on end. Your face has to fit. If it does you'll be fine but probably clueless as to what the team you manage actually do.

    Advice to ManagementAdvice

    Trust your staff and give restructures time to properly bed down before throwing the baby out with the bath water!

    Recommends
    Negative Outlook
    Approves of CEO
  9.  

    Good employee benefits - clear organisational vision

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Risk Consultant  in  Edinburgh, Scotland (UK)
    Former Employee - Risk Consultant in Edinburgh, Scotland (UK)

    I worked at Standard Life full-time for more than a year

    Pros

    The employee benefits package is great - high quality private health insurance with its own perks (50% off running shoes, etc), 28 days' holiday as standard (some employees can also take up to 12 days off per year via flexitime in addition to this), progressive salary & bonus policy, good performance management and development opportunities such as language courses etc.

    Cons

    Some inconsistencies in applying policies within departments - a degree of staffing pressures meaning additional hours are required.

    Advice to ManagementAdvice

    Your staff by and large are well motivated, incentivise them via the bonus and salary scheme.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Good Company to work for who really look after their staff

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Edinburgh, Scotland (UK)
    Former Employee - Anonymous Employee in Edinburgh, Scotland (UK)

    I worked at Standard Life full-time for more than 8 years

    Pros

    Salaries are pretty good with good bonus scheme.

    Offices are pretty good

    Internal Communitcation is good.

    Staff benefits are good with a good flexible benefits scheme.

    Cons

    Chances to move around are sometimes quite limited, and you can get quite pigeon holed with no real way to move up.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Very. Good company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director, Marketing  in  Edinburgh, Scotland (UK)
    Former Employee - Director, Marketing in Edinburgh, Scotland (UK)

    I worked at Standard Life full-time for more than 3 years

    Pros

    The people were very down to earth. Very good employer . Excellent benefits and hols.

    Cons

    Not really any negatives I can think off. Just a ver good company overall.

    Advice to ManagementAdvice

    Very well run company. Management were excellent.

    Positive Outlook
    Approves of CEO

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