View more on these topics

Standard adds trusts suite on wrap platform

Standard Life is extending its estate planning service with the launch of an integrated automated trusts suite on its wrap platform.

The loan plan, the discounted gift plan and the gift plan will be available on the platform with absolute, flexible or discretionary trusts via Standard Life’s onshore investment bond or international portfolio bond. The gift plan will also be able to hold mutual funds and cash.

Until now, Standard Life has only offered trusts on a retail basis and the new suite is designed to make it easier for advisers to bring investments from existing trustees under advice.

Standard Life head savings head of communications Mark Polson says: “Wrap advisers have asked us for an end-to-end trust planning solution, integrated into the platform. We have listened and are excited to be able to provide this enhanced service in a way which will not only streamline another business process but also help them develop professional connections.”

CDC wealth management director Phil Cain says: “Anything that gives you the ability to have a visible look at the way funds are performing is good. There are two aspects to the job, one is the technical aspect of choosing the right trust and the second is the running of the money. Using a wrap can help the adviser run the money efficiently and move it with relative ease.”


How we were forced out of business

Our business began in 1982 as a mortgage arranger. We decided to become an IFA to offer independent advice to our clients on mortgages, life, investment and pension products.


News and expert analysis straight to your inbox

Sign up


    Leave a comment