View more on these topics

Standard Life confirms preferential fund deals- average 9bps discount


Standard Life has confirmed it has received preferential share class deals with 15 fund managers.

Standard says the deals will see them under cut current clean terms available in the market by 9bps on average.

It adds it is still in negotiations with other fund groups over preferential deals.

Standard will not currently reveal details of the agreements and says full terms of the deals will be published in September.

The provider adds it has not paid the development costs for any of the share classes negotiated.

Standard Life head of adviser platforms David Tiller says: “We are already well advanced in our rolling programme to introduce clean share classes to our Wrap platform and today’s announcement of the progress in our super-clean negotiations is another major milestone in this journey.”

Standard announced in April it would be moving to a clean share class model while seeking lower prices from fund managers.

The move followed HM Revenue & Customs announcement that rebates from unwrapped investments were taxable.


Advisers: Most new assets will be in clean funds in 12 months

Two thirds of advisers expect the majority of new platform business to go into clean share classes over the next 12 months, according to research from Axa Elevate. From a sample of 300 advisers, 52 per cent say they expect more than 75 per cent of new business inflows to be placed in clean share […]


Japan helps investment trusts outperform FTSE All Share

Boosted by a strong rising market on the back of ‘Abenomics’, Japan funds were the overall investment trust winners for the first six months of the year while emerging markets and commodities portfolios collapsed. According to stockbrokers Oriel, returns over the first half of 2013 were relatively good for the investment companies, where the FTSE […]

Out of Context

“He is the model of lean Government” Chancellor George Osborne praises rotund Communities and Local Government secretary Eric Pickles for his departmental cost cutting. “What a civilised man you are, what are you doing on this committee?” Labour MP George Mudie jokes about Conservative MP Mark Garnier’s calm questioning of MAS chief executive Caroline Rookes […]

Swansea-based adviser arrested on suspicion of fraud

A Swansea-based financial adviser and stockbroker has been arrested on suspicion of fraud. The South Wales Evening Post reports John Evans was questioned over a number of investments made in a company based in South Africa. The 56-year-old has since been released on bail. South Wales Police told the paper: “A 56-year-old man from Swansea […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm