Friends Prov and Standard tie up wrap data

This proposal is essentially account aggregation without the need to transfer assets from one company to another – thus avoiding any potential financial penalty or tax liability for the client – but allows intermediaries to gather the data about all a client’s assets so they can keep a watching brief over the entire financial planning process. It’s similar to earlier plans announced by Standard Life for its Sipp Centre in 2005, which was initially created so the life insurer would pull together a client’s legacy information for the adviser, and so there was no need to transfer the assets ...