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Standard Life teams up with UBS for Sipp offering

Standard Life is to offer its Sipp through life and pensions business written by UBS.

The life office has been added to a list of Sipp providers for the administration of business written by UBS.

The Standard Life Sipp was launched in December 2004 and has over 20,000 customers with investments in excess of £2.4bn.

Standard Life Assurance chief executive Trevor Matthews says: “This is a fantastic opportunity to broaden our distribution reach for an important product line. UBS Wealth Management has over 200 client advisers with Sipps forming a core part of their distribution strategy to high net worth and ultra high net worth private clients. Our strategy to continue to diversify our channels of distribution and build upon successful alliances already in place is paying dividends.”

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