Standard Life is now moving into the fund supermarket space with the launch this week of a mutual funds proposition.
Called FundZone, the platform is said to differ from but draws on the functionality of Standard Life’s wrap as it instead focuses only on fund sales as well as providing access to limited range of products such as Isas and Isa/Pep transfers. The firm argues it offers a unique flexible commission and charging structure as there is an option allowing the client to invest 100% of the sum for advice given over several years and then pay the charges over the early years either through initial or trail commission, rather than as a lump sum payment, as well as a facility which rebates both initia...
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