Standard Life in process of 'modernising infrastructure' but rules out platform merger

Despite rumours

Butwell said the reduced costs were a result of "continued growth and efficiencies" the platform has generated across its business. "Advisers that use Wrap can be confident our new fee structure means they can deliver great value for life for clients consolidating and entering drawdown," Butwell added.
Butwell said the reduced costs were a result of "continued growth and efficiencies" the platform has generated across its business. "Advisers that use Wrap can be confident our new fee structure means they can deliver great value for life for clients consolidating and entering drawdown," Butwell added.
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Standard Life Aberdeen has told Professional Adviser it is in the process of modernising its infrastructure as rumours of it merging its Elevate and Wrap platforms continue to brew.

Standard Life CEO Noel Butwell said the provider was in the process of identifying "synergies" to removed duplication and complexity where it exists for no benefit to advisers and clients. He said:...

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