View more on these topics

Standard Life launches review of its fund supermarkets

Standard Life is reviewing its FundZone and Sigma fund supermarkets to see how it can introduce more flexible wrap capabilities if they are needed. 

The first changes will affect the bundled Sigma fund supermarket, traditionally used to access Standard Life Investments funds.

Standard says in Q1 next year, the 4 per cent of Sigma users invested in funds managed by third parties will be given options to update their existing arrangements. This will include moving to an unbundled model on the FundZone platform.

Standard Life head of adviser platforms David Tiller says the firm plans to introduce functions on to Fundzone which are currently available on its Standard Life Wrap.

He says: “Advisers are looking for fund supermarkets to offer the type of services more commonly found on a wrap platform, including the ability to switch on more sophisticated functionality as and when they need it.  

“Given that we already have scalable wrap technology in our stable, we are looking at how we can use the underlying systems architecture to offer a natural upgrade path for fund supermarket advisers looking to access that additional functionality.

“The review will look at how we do this in an efficient manner without asking advisers to re-register their clients’ assets.”



Peter Le Beau: Time to give the Money Advice Service a chance

I hate the term “chattering classes” although I think I might belong to them. But at least I have so far managed to avoid being classed among the Twitterati. I make this admission because there can be a mindset among industry commentators that encourages them to be ultra-critical of industry initiatives, often because it is expected […]


CII appoints professional standards board chair

The Chartered Insurance Institute has appointed David Hertzell to the position of independent chair of its professional standard boards. He will take up the role early next year. Hertzell, Law Commissioner for commercial and common law, will replace David MacIntosh QC, who completes his tenure at the end of the year. The professional standards board […]


PI experts deny FSCS ‘broken reed’ claims

Professional indemnity insurance experts have denied that high excesses and policy exclusions mean the product is a “broken reed” for adviser firms. Last week, Financial Services Compensation Scheme chief executive Mark Neale said PI insurance is unlikely to prove the answer to the problems created by the high compensation costs which fall on investment advisers, […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Might I suggest that they consider a flat fee charging option – say £48 pa like ATS – for those investors who do not require all the expensive added value “services” currently provided ?

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 advice.

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