Standard Life has announced a review of its FundZone and Sigma fund supermarkets, in order to make them more "wrap-like".
The firm is to make its Sigma platform restricted with access to Standard Life funds only, and is exploring options for the larger FundZone supermarket. The 4% of Sigma customers invested in funds managed by third parties will be given a range of options to update their existing arrangements early next year. This will include moving to an unbundled model on the FundZone platform with access to discounted share classes. Head of platforms David Tiller (pictured) said: "Advisers are looking for fund supermarkets to offer the type of services more commonly found on a wrap platform, inc...
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