Restricted advice not main focus for Standard Life

Jenna Towler
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Standard Life has no "firm plans" to launch its own restricted advice package for IFAs but says the model does have a place in the market.

The provider said independent advice would remain its main focus but added it was investigating a variety of ways advisers could configure its products to "create value for their businesses and clients". Responding to reports it was set to launch its own proposition, a spokesman said: "Independent advice will continue to be the primary focus of our propositions, but we believe that restricted advice will have a place in the market for certain advisers. "At this stage we do not have any firm plans to launch a specific proposition to support restricted advice. We are investigating a ran...

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