Standard Life has launched a new onshore tailored investment bond (TIB) aimed at helping advisers cope with regulatory changes including the RDR.
Mark Polson, Standard Life's spokesman, says the fund will offer a range of flexible remuneration options which advisers can agree with their clients. He says this charging structure will provide a more transparent approach in line with the Treating Customers Fairly directive. "Anyone who does not do this on new products will just have to rebuild them in a couple of years," he says. He says the group is likely to unveil further products in the future to meet demands for transparency from advisers and their clients. The charging options will allow clients to discuss initial and t...
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