Group is one of five major life offices looking to challenge existing fund models
Standard Life predicts it can secure assets worth around £2.6bn in three years for external managers linking to its funds platform, one of five being launched by major life offices. Prudential, Abbey National, Skandia and Norwich Union all have wrap projects under way, while Scottish Widows is in the preliminary stages of developing its own service. Fund platforms enable investors to buy, for example, a Standard Life Isa or pension, linked to the funds of their choice, including external providers. Similar to fund supermarkets, the life office will handle all the administration, c...
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