Standard Life adds on-line educational tool to its Group Savings & Retirement plan offering

MONTREAL, April 30 – Standard
Life(*) is pleased to announce that, in association with The Financial Educator Inc.
(TFE), it is now providing free access to on-line financial education courses for its
Group Savings & Retirement plan members. The on-line material, developed by TFE
independently of Standard Life, is available to members via a link from Standard Life’s
secure Member VIP Room Internet site to the TFE Web site.

“This comprehensive curriculum explores a wide array
of topics on personal financial planning and provides an excellent compliment to our other
group retirement programs,” explains France Desjardins, Vice-President, Sales – Group
Insurance & Retirement, Standard Life. “Its interactive modules allow each member
to learn at their own pace, test their progress and review key concepts at their leisure”, she adds.

“Standard Life has a long standing commitment to
providing educational tools to our Group Savings & Retirement Plan members”, says
Louise Pellerin- Lacasse, Vice-President, Marketing – Group Savings & Retirement,
Standard Life, “Thanks to this TFE program, Group Savings & Retirement plan
members in Canada now have the added convenience of on-line financial education.”

Graydon Watters, President, The Financial Educator Inc.
stated, “We are delighted to have our e-learning curriculum become part of Standard
Life’s industry leading Group Savings & Retirement member education program. Our
association with Standard Life meets our corporate vision of providing financial knowledge
for employees and pension plan members. TFE is dedicated to helping individual Canadians
make better informed financial, retirement, and life planning decisions to enable them to
take more effective control of their futures.”

In Canada, The Standard Life Assurance Company has over $28
billion in assets under management and offers a wide range of financial products and
services to more than 1 million clients. Its 2,200 employees are committed to providing
superior customer service from its headquarters in Montr´┐Żal, its Calgary and Toronto
regional offices, as well as from its 20 sales offices across the country. It’s products
and services include group savings and pension, group life and health, individual life
insurance, savings and retirement. Through affiliated companies, it also offers mutual
funds and portfolio management services. Total premium income and deposits reached $3.7
billion in 2001. (www.standardlife.ca)

Standard Life is part of the Standard Life Group founded in Edinburgh (Scotland) in
1825. The Group has over 12,000 employees, more than $189 billion in assets under
management and over 5 million customers in, among others, the United Kingdom, Canada,
Ireland, Germany, Austria, Spain, India and Hong Kong. The Group has also established two
representative offices in China. Total premium income reached close to $19 billion in
2001. (www.standardlife.com).

(*) Standard Life refers to both The Standard Life Assurance Company and The Standard
Life Assurance Company of Canada.