Note: All figures are based on IFRS and are shown in Canadian dollars. All comparisons are with the corresponding period of2011, unless otherwise stated.

Jennifer Gregory - National Vice-President, Business Development, Group Savings and Retirement

MONTREAL , Aug. 27, 2012 /CNW Telbec/ - The Standard Life Assurance Company of Canada today announced the appointment of financial services industry veteran Jennifer Gregory as incoming National Vice-President, Business Development, Group Savings and Retirement. Based in Toronto , Mrs. Gregory will be responsible for creating a strategic vision and a national roadmap in order to grow Standard Life's group savings and retirement business across Canada . Her appointment is effective September 17 .

"The group savings and retirement segment being the cornerstone of Standard Life, I am very pleased to have attracted an executive with such in-depth knowledge and hands-on experience in this industry," said Charles Guay , President and Chief Executive Officer. "Given her extensive involvement in the business community, Jennifer significantly adds to the Toronto office and brings considerable strength to our overall management team. Her arrival ties in perfectly with our continued efforts to be an industry leader in long-term savings and investment solutions."

Prior to this appointment, Mrs. Gregory held several senior positions at Great-West Life Assurance Company since 1993. Most recently, she was Vice-President National Accounts, Group Retirement Services where she gained a strong understanding of the group retirement capital accumulation plan industry in Canada and spearheaded organizational change to provide an exceptional intermediary and plan member and sponsor experience.

Mrs. Gregory has a Bachelor of Arts degree in Political Science and Economics from the University of Alberta. She also holds designations as a Certified Financial Planner (CFP), Certified Employee Benefit Specialist (CEBS) and Registered Pension Associate (RPA).

Note to Editors In the second quarter of 2012, Standard Life Financial's overall premiums and deposits reached $1.3 billion (up 13% from $1.2 billion in 2011), including $709 million from the group savings and retirement business (up 15% from $616 million in 2011).

About Standard Life Standard Life plc is a leading long-term savings and investment company headquartered in Edinburgh , Scotland. Standard Life has around 6 million customers worldwide and operates in the United Kingdom , Europe , North America and Asia Pacific, and globally with Standard Life Investments Ltd.

In Canada , Standard Life has been doing business for almost 180 years. Standard Life Financial Inc., which wholly owns The Standard Life Assurance Company of Canada and Standard Life Mutual Funds Ltd., is Standard Life plc's largest operation outside the UK. With about 2,000 employees, it provides long-term savings, investment and insurance solutions to more than 1.4 million Canadians, including group benefit and retirement plan members.

As of June 30, 2012 , Standard Life plc had $327 billion in assets under administration, including $42billion in Canada through Standard Life Financial.

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Standard Life hires a seasoned sales leader for its group savings and retirement business