Standard Life wrap offers adviser rebates; cuts charges

Effective immediately, for IFA firms with £10m or more on the wrap, Standard Life will offer a rebate of five basis points, while the rebate will rise to 10 basis points for firms with £20m or more on the wrap. Standard Life Savings communication head Mark Polson says the rebates will help advisers better demonstrate the value of wrap to clients and encourage IFAs to place more assets on platforms. In addition, Standard Life wrap is revamping the charges structures for its SIPP and offshore bonds held on the platform. Standard Life wrap will immediately cut the annual charges for SIPP...