Standard Life: RBS tie-up will not affect our IFAs

The deal announced last week will see RBS, NatWest and Ulster Bank advisers use Standard Life platform to provide a restricted portfolio of Standard Life funds to over a million customers. Bank clients with income of over £100,000 and investable assets of at least £50,000 will be offered the service. Richard Charnock, head of Standard Life's adviser and investment unit, said the number of targeted clients with IFAs would be relatively small. "As far as [RBS] is aware, the majority are unadvised or self-directed, so the opportunity for the bank really is quite significant," he said....