Standard Life launches wrap due diligence service

From April, advisers will be required to satisfy themselves that a platform service provider has met all of the requirements set out within the Financial Conduct Authority's (FCA) platform paper as part of an enhanced due diligence process. Standard Life's new service has been produced following analysis of over 70 examples of due diligence requests made to the platform over the past nine months. The provider said the service will bring the typical response time for a full questionnaire down from more than a week to a few days. Standard Life head of adviser business development Dun...