Adviser warns Standard Life's charging structure 'risks transfers'

Standard Life informed advisers late last week that it would not offer adviser charging capability on a wide range of its older products. These comprise endowments and protection products, tailored investment bonds, capital investment bonds, with profit and distribution bonds, individual stakeholder pensions, personal pensions, its Personal Pension Flex and Personal Pension One. The company said in a document sent out to advisers: "Adding adviser charging systems and processes to these products would divert significant costs and resources away from the developments that you and your c...