PORTLAND, Ore., July 2, 2007 /PRNewswire via COMTEX News Network/ -- Standard Retirement Services, Inc. ("The Standard") a subsidiary of StanCorp Financial Group, Inc. ("StanCorp") (NYSE: SFG) has agreed to acquire the assets of Portland, Oregon based third-party retirement plan administrators DPA, Inc. ("DPA"), and its associated investment advisor business, MasterPlan Advisors, Inc. ("Master Plan Advisors").

"We are excited about this addition to our asset management business and look forward to continuing the excellent customer service for which both of our organizations are known," said Kim W. Ledbetter, senior vice president, Asset Management Group of The Standard. "We will continue to serve DPA's and MasterPlan Advisors' clients out of DPA's existing office in Portland, Oregon, to ensure that the transition will be seamless."

The assets being acquired include approximately 230 retirement plans with assets under management of more than $1.8 billion, as well as an investment advisor business serving clients in the greater Pacific Northwest. The acquired business will be a part of the Asset Management Group of StanCorp.

About The Standard

StanCorp Financial Group, Inc. ("StanCorp") (NYSE: SFG) through its subsidiaries marketed as The Standard -- Standard Insurance Company, The Standard Life Insurance Company of New York, StanCorp Investment Advisers, Standard Retirement Services, StanCorp Equities, StanCorp Trust Company and StanCorp Mortgage Investors -- is a leading provider of financial products and services. The Standard serves approximately 8.2 million customers nationwide as of March 31, 2007 with group and individual disability insurance, group life and dental insurance, retirement products and services and investment advice. For more information about The Standard visit http://www.standard.com.

Disclosure

Information in this news release includes certain statements related to projected growth and future events. These statements are "forward-looking" statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Because such statements are subject to risks and uncertainties, actual results in future periods may differ materially from those expressed or implied by such forward-looking statements. See StanCorp's first quarter Form 10-Q filed with the Securities and Exchange Commission for a description of the types of uncertainties and risks that may affect actual results.

Corporate Information
Tiana Tozer
Telephone: 971-321-7051
E-mail: ttozer@standard.com

Investor Relations and Financial Media
Jeff Hallin
Telephone: 971-321-6127
E-mail: jhallin@standard.com