Standard Life CEO Paul Matthews said he is excited about the roll-out of the retail distribution review (RDR) next year, as he expects more advisers to use its fee-ready wrap and investment solutions.
Matthews said the group had not offered commission on new products since 2004 and the RDR's commission ban means it will be able to compete on a level-playing field with other providers. "We think more than half of the adviser market today is still using a commission option," he said. "I would like to think that, in 2013, a number of those will consider us once commission is no longer available. I am very excited about RDR." He said many advisers would like to use the insurer's wrap and investment propositions but cannot do so because Standard Life does not offer a commission optio...
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