We've work to do to regain IFA trust - Stan Life

clock

Standard Life admits it needs to "recover" the trust of some advisers in the aftermath of its Sterling Pension fund disaster.

The life insurer says it is confident it can rebuild any fractured relationships, adding support for advisers is "critical" in what it dubs "this unprecedented time of financial turmoil". It follows reports of falling confidence in the firm after 97,000 of its customers lost almost 5% in pension funds they thought were safe. In a recent IFAonline poll, which surveyed almost 800 advisers, 37% said they no longer trusted the company or its products. "We recognise we need to recover ground with some advisers and we will do just that over the coming weeks and months," Paul Matthews, manag...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read