View more on these topics

Standard Life wrap to offer MLC MoM portfolios

Standard Life Wrap has agreed a deal with MLC to offer its six manager of manager portfolios through its core offering.

MLC’s suite of portfolios will be embedded in the wrap’s modelling tools and advisers using it will also have access to Pivotal Consulting, MLC’s subsidiary adviser consulting business.

Pivotal is aimed at advisers hoping to improve their operations, increase profitability, client satisfaction and overall business value.

MLC UK general manager Peter Smith says: “We are very excited that advisers will be able to access our MLC manager of managers portfolios via Standard Life Wrap, and that the portfolios will be able to be implemented in a seamless manner via the risk profiling and modelling tools the wrap offers.”

Standard Life Savings head of wholesaling and implementation Nick Blake says: “I am delighted to see MLC coming onto the platform. As we work with advisers to modernise their business models, we see an increased demand for outsourced investment solutions. MLC is already a leading provider of these solutions and is often requested by new and existing firms on our wrap platform.

“I am also pleased to be able to support access to Pivotal who, like Standard Life, is keen to offer support to firms looking to add value to their business and their clients. I believe that MLC and Pivotal share many of the aspirations and values of Standard Life and I look forward to working with them.”

Recommended

Cover stories

The Competition Commission’s Emerging Thinking document on payment protection insurance has given the insurance industry and intermediaries a clean bill of health.

Mortgage lending grows by 6 per cent in October

Gross mortgage lending has increased by 6 per cent in October rising to an estimated £32.4bn, according to the Council of Mortgage Lenders.This is up from £30.6bn in September and £30.6bn in October last year.While the increase is higher than the 3 per cent seasonal rise that might typically be expected between September and October, […]

Professional planning

A fundamental shift in Government policy is needed to introduce greater flexibility in pensions and between tax wrappers if the mass-market advice market is ever to be served properly, says the Personal Finance Society. Speaking to Money Marketing at the PFS conference in Birmingham last week, new president Robert Reid said the Government and FSA […]

‘Professional body would kill networks’

Introducing a professional body to maintain standards would wipe out the role of the network, according to Whitechurch managing director Ian McIver.He says a professional body that can “hire and fire” advisers also undermines the regulator.McIver says while many commentators claim a professional body is required to preserve standards, as with accountants and lawyers, these […]

China’s economic bounce may already be over

By Mike Riddell (17 May 2016) Most people would explain the rally in global risky assets since mid-February as being primarily down to the spectacular volte-face from the Federal Reserve, where Janet Yellen (and others) dramatically toned down their narrative that the Fed would be hiking rates as many as four times in 2016. This explanation […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment