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' ...

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