Standard Life reveals RDR charging structures

The provider said the changes to charging on its FundZone proposition and self-invested personal pension (SIPP) - which have been emailed to advisers today - would create both a smooth transition to RDR readiness and enhance its overall proposition. Graeme Bold, UK retail director - RDR explained the firm would unbundle FundZone mutual fund for new and existing customers and all FundZone rebates would be passed back to the customer in full. All initial charges on the funds will be removed, along with the 0.25% switch charge. An explicit decreasing wrapper charge will also be introd...