Standard Life 'completes' Elevate integration

Bought platform for £31m in 2016

Tom Ellis
clock • 2 min read

Standard Life has completed the integration of its Elevate platform ending all of its transitional service agreements with previous owner Axa.

The provider has been on a mission to steer the loss-making platform into the black, saying last February the Elevate platform would be profitable "in a few years' time". It has remained adamant it will keep the platform a separate proposition to its other adviser platform Standard Life Wrap. Standard Life has made a number of changes since it acquired the loss-making platform for £31m and pledged a further £69m to upgrade and integrate the platform. These include a simplified new business process "with improved functionality", access to SL International Bond, the addition of more than 4...

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