Standard Life International Ltd is understood to be on the cusp of launching its first product offering within the next week or two following the official launch of its Dublin-based offshore operation.
The wholly-owned subsidiary of Standard Life intends to sell into the UK under relevant EU rules, which the company says should enable it to offer a “wider range of financial planning solutions from the Standard Life group.” Murray Drummond, chief executive of SLIL, points to growing customer awareness of “international products” and the emergence of wrap solutions “means offshore investment has become a more ‘mainstream’ option in investment and tax planning than it once was”. Drummond believes lifestyle changes mean offshore investments should no longer be seen as “niche”, and SLIL se...
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