Standard Life denies mailout a ploy to poach IFA clients

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Standard Life has denied its latest mailout to IFAs' clients is an attempt to sell to them direct.

Advised individual Standard Life customers have been sent a request to update their details if any changes were necessary. The letter included a section to remove an intermediary's name if they no longer used that adviser. Steven Hennessy, associate director at Myers Davison Ginger (MDG), raised concern the letter could encourage clients to mistakenly opt out of having an adviser. "If a client sends this letter back without filling it in properly the adviser would be taken off Standard Life's books." Customers who completed the forms were also entered into a prize draw. Hennessy...

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