Standard Life reduces and simplifies Wrap platform fees

Introduces drawdown lock

Sophie King
clock • 1 min read

Standard Life has reduced its Wrap platform fees by simplifying its pricing structure in a bid to improve the customer and adviser experience.

The platform has reduced its pricing structure from six to four tiers by combining some together. It has also merged what was pricing for core terms and standard terms into one. Different prices have remained in place between general investment accounts (GIAs), ISAs and self-invested personal pensions (SIPPs). GIAs and ISAs will be priced together and those with assets in a SIPP will be charged 0.5% more than that.   Standard Life said the price reduction was designed to make a "real difference" to existing customers by delivering a "sustainable fee structure" that rewarded advisers' ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Platforms

P1 rolls out latest platform update for advice firms

P1 rolls out latest platform update for advice firms

To overtake ‘oil tanker’ legacy providers

Isabel Baxter
clock 15 April 2026 • 3 min read
Why hoarding cash margin is not just a platform issue

Why hoarding cash margin is not just a platform issue

‘The pressure will surely grow to treat deposits fairly’

Justin Cash
clock 09 April 2026 • 5 min read
Advised platforms' gross sales hit £93bn in 2025

Advised platforms' gross sales hit £93bn in 2025

Up from £79.97bn in 2024

Isabel Baxter
clock 07 April 2026 • 2 min read