Standard Life has updated its Retail Distribution Review (RDR) offering with the addition of adviser charging on Standard Life Retail International Bond and annuities.
The company originally announced it was RDR ready on 15 October. Since then all new business on the Standard Life Wrap and FundZone platforms has been transacted on an adviser charging basis. The RDR-compliant remuneration has also been available on Standard Life Active Money self-invested personal pension (SIPP) and Active Money Personal Pension since mid-October. Standard Life also introduced explicit charges and is handing back the full benefit of mutual fund manager rebates to clients on the key retail product lines in line with Wrap. In two months, Standard Life has seen more ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes