Standard Life drops wrapper charge

The life company announced a 20 basis points (bps) cut on charges on its SIPP and International Portfolio Bond (IPB) tax wrappers earlier in April taking the charges from 80bps to 60bps. Mark Polson, head of communications for Standard Life Savings, says wrap is about long-term relationships, with the end result being a platform which delivers holistic advice across the age spectrum. "These charges are supported by a system of discounts for larger holdings and advisers who accumulate large sums on the platform.  In addition, the price is all-inclusive, including both use of the platfo...