BCP Stockbrokers has urged Standard Life policyholders to vote for demutualisation. Standard Life believes its current status is best as mutual companies have consistently outperformed plcs on returns for life and pension policies over the longer term.

BCP disagrees and believes "that the plc status would drive efficiencies by being accountable to its shareholders". Seventy-five per cent of votes cast must be in favour of demutualisation on June 27th for this to occur.