Manager of manager details from Standard Life

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Time savings and diversification of risk will be the main benefits of Standard Life's new manager of manager pension funds, says Nathan Parnaby, managing director sales.

The mutual has picked US firm Wilshire Associates to run its five new Mom products, available from March next year. "It's a relatively unknown name among IFAs in the UK, but the company has 30-plus years of experience, and about 22 years researching managers," Parnaby says. "It is good at what it does." Standard Life says relying on Wilshire's research should enable advisers to spend less time analysing funds and their performances and more time with clients. Parnaby says the exact amount of time that can be saved "is difficult to quantify". Still, Standard Life does expect to mee...

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